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Spirent Communications - Crawley, England-based test and assurance solutions provider - Says its proposed takeover by Keysight Technologies Inc is court-sanctioned, as of Tuesday. Expects the scheme to take effect on Wednesday, subject to receipt of the court order. Adds that Wednesday will be the last day of trading in its shares, with Spirent to exit the FTSE 250 index on Thursday, and the takeover to complete on Friday. Back in March 2024, Spirent agreed to an offer for 201.50 pence per share or £1.16 billion in total from Keysight, a Santa Rosa, California-based manufacturer of electronics test and measurement equipment and software.
Spirent current share price: 198.80 pence in London
12-month change: up 14%
Keysight current share price: $161.42 in New York
12-month change: up 1.5%
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