IN BRIEF: No China watchdog decision on Spirent takeover yet

Spirent Communications PLC - Crawley, England-based test and assurance solutions provider - A Chinese regulatory decision for the acquisition of Spirent by Keysight Technologies Inc is "not yet received", Spirent says on Monday. As a result, a court hearing planned for Tuesday will now "be used to consider the application to the court in respect of the long stop date extension". Earlier in September, Keysight and Spirent had agreed to extend the long stop date to October 27 from September 29. In March 2024, Spirent agreed to a takeover proposal from California-based manufacturer of electronics test and measurement equipment and software Keysight to buy the FTSE 250 firm for 201.50 pence per share, which valued Spirent at GBP1.16 billion.

Current stock price: 196.80 pence, for a GBP1.15 billion market capitalisation

12-month change: up 14%

By Eric Cunha, Alliance News news editor

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