The FTSE 250 equipment testing firm switched its support after America’s Keysight Technologies pitched an approach at a 15% premium to one by Viavi Solutions.
The new 199p a share approach by New York-listed Keysight, which used to be part of Hewlett-Packard and is worth about $28 billion, represents an 86% premium on Spirent’s price prior to takeover interest earlier this month.
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