Brief: Ceragon Issues Shareholders Letter Concerning Board's Response To Indication Of Interest From Aviat

Ceragon Networks

18/07/2022 14:18

July 18 (Reuters) - Ceragon Networks Ltd  CRNT.O :
    * CERAGON NETWORKS LTD - ISSUED LETTER TO SHAREHOLDERS
CONCERNING
RESPONSE OF BOARD TO INDICATION OF INTEREST FROM AVIAT NETWORKS
INC
    * CERAGON-"WILLING TO CONSIDER POTENTIAL COMBINATION WITH
AVIAT,
BUT ONLY IF SUCH COMBINATION DELIVERS FULL, FAIR,CERTAIN VALUE
TO CERAGON SHAREHOLDERS"
    * CERAGON NETWORKS LTD - "AVIAT'S IOI SUBSTANTIALLY
UNDERVALUES
CERAGON"
    * CERAGON NETWORKS LTD - EXPECT TO DRIVE REVENUE OF
$325-$345
MILLION IN FULL YEAR 2023
    * CERAGON NETWORKS LTD - TARGETING REVENUE OF APPROXIMATELY
$500
MILLION AND GROSS MARGINS OF AT LEAST 34-36% WITHIN NEXT FIVE
YEARS
    * CERAGON NETWORKS LTD -  BOARD IS WILLING TO TRANSACT WITH
AVIAT
OR ANY OTHER PARTY THAT DELIVERS FULL, FAIR AND CERTAIN VALUE TO
OUR SHAREHOLDERS

Source text for Eikon:  ID:nPn1l4ZxFa 
Further company coverage:  AVNW.O 

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