UK's Spirent gains on sale of ethernet, networks security business lines
03/03/2025 11:06
Updates ** Spirent Communications SPT.L rises as much as 2.4% to 190p; among top pct gainers on FTSE 250 .FTMC index ** Electronics equipment maker Keysight Technologies KEYS.N signs deal with Viavi Solutions VIAV.O to sell SPT's high-speed ethernet and network security business lines for $410 mln base cash consideration ** An additional $15 mln contingent cash consideration is to be paid at closing ** KEYS, which outbid VIAV to buy Spirent for ~1.16 bln pounds ($1.46 bln) last March, expects sale to complete shortly after SPT's acquisition becomes effective ** Stock gains more than 74% over past 12 months ($1 = 0.7928 pounds) Spirent shares https://tmsnrt.rs/3XEVuK4 (Reporting by Aby Jose Koilparambil in Bengaluru) ((abyjose.koilparambil@thomsonreuters.com))