Viavi's offer to acquire Spirent lapses after competing Keysight bid; deal terminated

VIAVI SOLUTIONS INC.

Viavi Bidco's offer of £1.75/share (175 pence) for Spirent has lapsed as scheme meetings not held by deadline.
Spirent board withdrew recommendation on March 28 after Keysight offered £2.015/share (201.5 pence).
Co-operation Agreement terminated; related financing arrangements also cancelled.
Viavi sought to acquire Spirent for 172.5p cash plus 2.5p special dividend per share.

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