Brief: Aviat Networks Inc Reports 5% Stake In Ceragon Networks Ltd As Of June 24

Ceragon Networks

27/06/2022 22:36

June 27 (Reuters) - Aviat Networks Inc  AVNW.O :
    * AVIAT NETWORKS INC REPORTS 5% STAKE IN CERAGON NETWORKS
LTD AS
OF JUNE 24 - SEC FILING
    * AVIAT NETWORKS INC SAYS BELIEVES CERAGON NETWORKS
SIGNIFICANTLY
UNDERVALUED AND INTENDS TO TAKE ACTION TO INCREASE SHAREHOLDER
VALUE
    * AVIAT NETWORKS INC SAYS DELIVERED NON-BINDING PROPOSAL TO
ACQUIRE ALL OF OUTSTANDING ORDINARY SHARES OF CERAGON NETWORKS
NOT OWNED BY AVIAT
    * AVIAT NETWORKS INC SAYS NON-BINDING PROPOSAL TO ACQUIRE
CERAGON
NETWORKS FOR ALL CASH VALUING THE ORDINARY SHARES AT $2.80 PER
SHARE
    * AVIAT NETWORKS INC SAYS ON JUNE 27, AVIAT DETERMINED TO
SEEK
MEMBER SUPPORT TO DEMAND THAT CERAGON NETWORKS CONVENE MEETING
OF MEMBERS OF BOARD
    * AVIAT NETWORKS INC - INTENDS TO ADVOCATE FOR STRATEGIC
REVIEW OF
CERAGON NETWORKS’ ASSETS, INCLUDING POTENTIAL DIVESTITURES AND
OUTRIGHT SALE OF CO

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