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