Spirent shares jump 60% as it accepts £1bn bid from US rival Viavi
by Julia Kollewe from World news | The Guardian on (#6K3KG)
UK telecoms firm is latest in string of targets for foreign buyers taking advantage of low valuations
Shares in the UK telecoms firm Spirent Communications jumped 60% after it accepted a 1bn offer from a US rival in the latest takeover of a British company by a foreign firm.
The Arizona-based Viavi Solutions, which manufactures, tests and monitors equipment for networks, will pay 172.5p in cash and a special dividend of 2.5p, in lieu of a final dividend, for each Spirent share.
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