US-based Viavi to buy UK's Spirent Communications for $1.28 billion

Viavi Solutions

05/03/2024 07:12

March 5 (Reuters) - U.S.-based communications equipment
firm Viavi Solutions Inc  VIAV.O  has agreed to buy British
telecommunications testing firm Spirent Communications  SPT.L 
in a deal valued at about 1.01 billion pounds ($1.28 billion),
the firms said on Tuesday.
    Spirent shareholders will get 175 pence per share. 
    
    ($1 = 0.7886 pounds)

 (Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))