Deals
Viavi Says Its Spirent Bid Has Certain Value Amid Bidding War
- Viavi also says it has less business overlap than Keysight
- UK telecom company recommended Keysight bid on Thursday
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Viavi Solutions Inc. said that its offer for Spirent Communications Plc represents “certain value” after the UK telecom network testing company received a rival bid from Keysight Technologies on Thursday.
“Viavi believes that its acquisition represents certain value and notes its limited business overlap with Spirent relative to Keysight,” the Arizona-based company said in a statement. “Viavi believes that the proposed combination of Keysight and Spirent would further entrench Keysight’s leading position in many product segments, which would limit customer choice.”