VIAVI Solutions (NASDAQ: VIAV) has responded to the recent announcement by Keysight Technologies, Inc. and Spirent Communications plc regarding a recommended cash acquisition of Spirent by Keysight. VIAVI believes that its own acquisition of Spirent represents significant value, and it highlights the limited business overlap between VIAVI and Spirent compared to Keysight.
VIAVI also expresses concerns regarding the proposed combination of Keysight and Spirent, stating that it would further solidify Keysight’s leading position in various product segments, potentially limiting customer choice.
VIAVI clarifies that capitalized terms used in the announcement have meanings as defined in the scheme document published by Spirent relating to VIAVI Bidco’s proposed acquisition of Spirent on March 27, 2024.
The press release acknowledges the involvement of Qatalyst Partners LP and Wells Fargo Securities, LLC as exclusive financial advisers to VIAVI and VIAVI Bidco, respectively. The release also mentions that the publication of this announcement may be subject to restrictions in certain jurisdictions, and failure to comply with these restrictions may be a violation of securities laws.
VAIVI Solutions advises interested parties to refer to the scheme document for more details, and the announcement and related documents will be made available on VIAVI Bidco’s website by the following business day.
For more information, contact VIAVI Solutions or Prosek Partners, the public relations advisor to VIAVI Solutions and VIAVI Solutions Acquisitions Limited.
Source: businesswire.com
VIAVI Solutions (NASDAQ: VIAV) operates in the telecommunications and network industry. They provide network testing, monitoring, and assurance solutions to service providers, enterprises, and government agencies.
The telecommunications and network industry is experiencing significant growth due to the increasing demand for high-speed internet, advancements in wireless technology, and the rapid adoption of cloud computing. According to market forecasts, the global network testing and monitoring market is expected to reach $5.7 billion by 2026, with a compound annual growth rate of 9.8%.
One of the key issues in the industry is the continuous need to enhance network performance and ensure the delivery of quality services to end-users. As networks become more complex and the demand for bandwidth increases, companies like VIAVI play a crucial role in helping service providers optimize their networks and troubleshoot any issues that may arise.
The acquisition of Spirent by Keysight Technologies, as mentioned in the article, is expected to have implications for the industry. Keysight is already a leading player in the network testing and measurement market, and the acquisition would further solidify their position. This consolidation may raise concerns about market competition and potential limitations on customer choice.
For more information about VIAVI Solutions and their acquisition of Spirent, interested parties can visit VIAVI Bidco’s website, where the announcement and related documents will be made available.
Source: businesswire.com