Keysight Technologies (KEYS) confirmed that Keysight and Spirent Communications have entered into a consent decree with the United States Department of Justice in connection with its review of Keysight’s proposed acquisition of Spirent, pursuant to which Keysight and Spirent have agreed to divest Spirent’s high-speed ethernet, network security, and channel emulation business lines to Viavi (VIAV) or another acquirer approved by DOJ. The consent decree is an important milestone that moves the acquisition one step closer to closing, pending other regulatory approvals and the satisfaction of customary closing conditions. Pursuant to the settlement process, DOJ has filed in court a proposed settlement and an asset preservation and hold separate stipulation and order. Keysight and Spirent have also entered into a short side letter in respect to the settlement process with DOJ.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KEYS:
- Keysight Technologies Advances in Spirent Acquisition with DOJ Consent Decree
- Justice Department requires Keysight to divest Spirent businesses
- FTC to require Synopsys, Ansys to divest assets to resolve antitrust concerns
- Keysight Technologies Announces Leadership Transition
- Keysight Technologies CPO Ingrid Estrada switches roles, Jodi Juskie succeeds