financetom
Business
financetom
/
Business
/
Keysight to launch $1.45 bln rival offer for London-listed Spirent, Sky News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Keysight to launch $1.45 bln rival offer for London-listed Spirent, Sky News reports
Mar 27, 2024 2:55 PM

March 27 (Reuters) - U.S.-based Keysight Technologies ( KEYS )

is preparing to launch a formal offer for British

telecommunications testing firm Spirent Communications ( SPNUF )

worth roughly 200 pence a piece, Sky News reported on Wednesday.

The deal would be valued at about 1.15 billion pounds ($1.45

billion), the report added.

On March 5, U.S.-listed communications equipment firm Viavi

Solutions ( VIAV ) had agreed to buy Spirent for about 1.01

billion pounds. As part of the deal, Spirent shareholders would

get 175 pence per share.

The offer from Keysight ( KEYS ) represents an 84.5% premium to

Spirent's closing price of 108.40 pence on March 4, compared

with Viavi's premium of 61.4%.

Some institutional shareholders in Spirent had indicated

that they would vote in favor of Viavi's offer, but believed it

was opportunistic and left the door ajar for a rival bidder, the

Sky News report added.

Spirent Communications ( SPNUF ), Viavi Solutions ( VIAV ) and Keysight

Technologies ( KEYS ) did not immediately respond to Reuters requests for

a comment.

($1 = 0.7915 pounds)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Xiaomi shares post worst week in 3-1/2 years as accidents stoke EV safety concerns
Xiaomi shares post worst week in 3-1/2 years as accidents stoke EV safety concerns
Oct 17, 2025
BEIJING (Reuters) -Shares of Chinese EV maker Xiaomi ( XIACF ) suffered their biggest weekly loss in more than 3-1/2 years on Friday, after media reported two separate accidents involving its best-selling model this week. Xiaomi ( XIACF ) shares ended the day 3.7% lower at HK$45.96 ($5.92), the lowest close since April 22. For the week, they tumbled 11.7%,...
Singapore's Jardine Matheson to take over Mandarin Oriental, valuing it at $4.2 billion
Singapore's Jardine Matheson to take over Mandarin Oriental, valuing it at $4.2 billion
Oct 17, 2025
Oct 17 (Reuters) - Singapore-listed conglomerate Jardine Matheson said on Friday its unit would buy the rest of the shares of Mandarin Oriental it does not already own, valuing the hotel investment and management firm at $4.2 billion. The offer for 11.96% stake is priced at $3.35 per share and would be funded through cash in hand. The Hong Kong-based...
Rentals Dominate Canada's Housing Starts, Says BMO
Rentals Dominate Canada's Housing Starts, Says BMO
Oct 17, 2025
06:24 AM EDT, 10/17/2025 (MT Newswires) -- Canadian housing starts rose to 279,000 in September, an impressive show of strength despite soft resale conditions, said Bank of Montreal (BMO). Few things to note: resale conditions aren't soft everywhere. The bear market in Ontario is a tough one, but most resale markets across Canada are in fine shape, noted the bank....
Embraer, Mahindra sign deal to advance C-390 Millennium for Indian Air Force
Embraer, Mahindra sign deal to advance C-390 Millennium for Indian Air Force
Oct 17, 2025
SAO PAULO, Oct 17 (Reuters) - Brazilian planemaker Embraer Defense & Security announced on Friday that it has signed a strategic cooperation agreement with India's Mahindra Group to promote the C-390 Millennium aircraft for the Indian Air Force's Medium Transport Aircraft program. The agreement also expands on a 2024 memorandum of understanding, broadening its scope to include joint marketing efforts,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved