March 28 (Reuters) - Spirent Communications ( SPNUF ) has
agreed to Keysight Technologies's ( KEYS ) offer valuing the
firm at 1.16 billion pounds ($1.46 billion), it said on
Thursday, withdrawing its support for Viavi Solutions's ( VIAV )
bid that was 15% lower.
U.S.-based Keysight ( KEYS ) offered to buy the British
telecommunications testing firm for 201.5 pence per share,
compared to Viavi's 175 pence apiece bid in early March.
Electronic equipment maker Keysight's ( KEYS ) offer represents a
premium of 85.9% to Spirent's closing price of 108.4 pence on
March 4, higher than Viavi's 61.4% premium.
($1 = 0.7922 pounds)
(Reporting by Prerna Bedi in Bengaluru; Editing by Janane
Venkatraman
)