Keysight Technologies (KEYS) announced it has completed its acquisition of Spirent Communications plc (SPMYY). “Today marks a milestone for Keysight as we officially welcome Spirent into our company. By combining Keysight’s leading design, emulation, and test expertise with Spirent’s strengths in satellite emulation, positioning, and network automation, we are expanding the breadth of our portfolio to better serve our customers. This acquisition accelerates our strategy and positions us to deliver even greater value in a rapidly evolving technology landscape,” said Satish Dhanasekaran, Keysight’s President and CEO. The aggregate transaction consideration totaled approximately GBP 1.16 billion, or around $1.46B, on a fully diluted basis. Spirent shareholders will receive a total of 202.5 pence per share, comprising 199 pence in cash, and the previously paid special dividends of 3.5 pence per share.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KEYS:
- Align downgraded, NetEase upgraded: Wall Street’s top analyst calls
- Synopsys approved to close divestitures of Optical Solutions Group, PowerArtist
- Keysight downgraded to Equal Weight from Overweight at Morgan Stanley
- Keysight Technologies Advances Acquisition of Spirent Communications
- Keysight Technologies Secures Extension for Spirent Acquisition