June 2 (Reuters) - The U.S. government on Monday said it
will require asset divestitures before allowing Keysight
Technologies ( KEYS ) to complete its all-cash purchase of
Spirent Communications ( SPNUF ).
In court filings, the U.S. Department of Justice said the
proposed merger of two of the largest global providers of high
speed ethernet testing, network security testing and radio
frequency channel emulators might otherwise substantially lessen
competition and harm customers, violating antitrust law.
Keysight ( KEYS ), based in Santa Rosa, California, agreed in March
2024 to buy U.K.-based Spirent for 1.16 billion British pounds
(now about $1.56 billion).
(Reporting by Jonathan Stempel in New York)