Spirent Share Price (SPT)

Not a good RNS Wednesday 1st May revenue down , challenging market .

Share fell to 191p a new low since the last offer ( 4% below the 199p )

Finished the week 193 , 196p looks like resistance since mid April.

The latest offer values Spirent at 201.5 pence per share, 199.0p in cash and 2.5p in a special dividend. Viavi's all-cash offer was for 175 pence per share, comprising 172.5p cash and a 2.5p special dividend.

Look out below if the bid goes away or delayed. Seems to be competition worries with the higher bid and the lower bidder is not in the race for SPT shareholders interests.

Be a shame is the bid position changes. Only a bystander here at the moment so GL all.

I presume that both bidders were aware of Spirent’s Q1 numbers (probably under an NDA) before announcing their bids, so hopefully the numbers won’t give KeySight cause to revise down, or even withdraw their bid. The SP fell more than expected this afternoon, so I think the Market thinks this is a risk. Wouldn’t be surprised to see it drop a bit more, unless there is a reassuring statement from KeySight.

Seems on the face of it the issues continue. Thank goodness for the bid as this would have sunk any recovery on its own.

Before we hoped for a higher and now it seems perhaps the bit made evaporate given the current climate.

192p considering readding but around 160p perhaps is more attractive.

Todays RNS sets out a timescale for the sale. Longer than i had hoped and might well cause the SP to drift as some will see value in getting out and moving their money elsewhere. This might give those will to wait until much later in the year an opportunity to make some cash but it won't be quick.