secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0000912093-24-000038
Event type: m_and_a
Sentiment:  negative
Materiality: 0.65
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209324000038/0000912093-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209324000038/viav-20240523.htm
  HTML page:      https://secwatch.observer/filing/0000912093-24-000038

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