Option chain shows key data for Spirent Communications's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Spirent Communications.

Spirent Communications (OTC:SPMYY) Stock, Option Chain

Spirent Communications

Spirent Communications PLC provides communications technologies including networks, data centers, mobile communications, and the Internet of Things. The company operates in Networks and Security and Lifecycle Service Assurance segments. The majority of the revenue is derived from the Networks and Security segment which comprises developing test methodologies, tools, and services for virtualized networks, cloud and artificial intelligence networking infrastructure, application performance, and proactive security validation.

Businessman.Market.Ahead.Shutterstock

Equities

Mid Cap

News

SPMYY

VIAV

VIAVI Solutions to acquire Spirent Communications for $1.3 billion in cash, creating a provider of test and assurance solutions. Deal expected to close in second half of 2024, generating $75 million in annual cost synergies.

VIAVI Accelerates Innovation with Spirent Acquisition, Targeting $75M in Synergies

Analyst Ratings

KEYS

TESS

VWAGY

Keysight Technologies, Inc. (NYSE: KEYS) recently announced that its Scienlab test systems will be deployed by Scania at its research and development (R&amp;D) facility in Sweden as part of the latter&#39;s efforts to shift to e-mobility for commercial vehicles.

Keysight (KEYS) Solutions To Power Scania R&amp;D Unit In Sweden

Intraday Update

Markets

Movers

Trading Ideas

AAPL

AAVXF

ADBE

ADYYF

AFGC

AHCHY

AIQUY

ALFVY

ARES

ASGN

ASGTF

ASML

ASND

ATBYF

ATEYY

ATGN

ATXI

AUPH

AXAHY

AZMTF

BABA

BKFKF

BMRPF

BOLD

BOOT

BTBIF

BURBY

BXMT

CATM

CBRE

CDAY

CGEN

CGPZF

CHNG

CHTR

CODI

CROX

CRUS

CSTL

CTRN

CWXZF

CYDY

DGDM

DIOD

DNNGY

DSDVY

DYFSF

EDPFY

EPAM

ESPR

Eaton Vance Tax-Advantaged Global Dividend

EXPGY

FBMS

FERGY

FFMR

FGBI

FICO

Stocks That Hit 52-Week Highs On Friday

SPIRENT COMMUNS PLC S/ADR by Spirent Communications Plc

Spirent Communications PLC

VIAVI Solutions&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) penned a deal to acquire&nbsp;Spirent Communications&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SPMYY#OTC">SPMYY</a>) for approximately £1.0 billion&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37474811/viavi-solutions-agrees-to-acquire-spirent-communications-to-create-a-leading-provider-of-test-assu" rel="noreferrer noopener">($1.3 billion) in a cash offer</a>.
The acquisition price values Spirent based on the British pound sterling to U.S. dollar exchange rate on March 4, 2024.
Spirent offers products, services and managed solutions that address technologies&#8217; test, assurance and automation challenges, including 5G, software-defined wide area networks (SD-WAN), cloud and autonomous vehicles.&nbsp;
As per the terms, Spirent shareholders will receive 172.5 pence per share in cash along with a special dividend per share of 2.5 pence in place of a final dividend for the year ended December 31, 2023. Spirent Board intends to unanimously recommend this all-cash offer.
The company plans to fund the buyout with its existing cash, a fully committed $800 million 7-year term loan, and a $400 million investment from Silver Lake in the form of a fully committed senior convertible note.
In connection with the Silver Lake investment, Ken Hao, Chairman and a Managing Partner of Silver Lake, will join the VIAVI board.
The acquisition is expected to close in the second half of 2024, subject to shareholder approvals and other customary closing conditions.
Oleg Khaykin, President and CEO of VIAVI, said, &#8220;Combining our leading communications test and measurement and optical technologies and Spirent&#8217;s high-performance testing and assurance solutions is expected to deliver enhanced product solutions and applications, accelerate growth in new markets and strengthen innovation through expanded engineering and design capabilities.&#8221;
Synergies: VIAVI projects operational efficiencies to result in annual run-rate cost synergies of up to $75 million approximately two years&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">after the deal&#8217;s completion</a>.
Also, the company expects to utilize its U.S. net operating losses to lower the combined group&#8217;s blended non-GAAP tax rate and plans to prioritize debt paydown using free cash flow generation to reduce leverage ratios towards 4.0x gross and 3.0x net over the long term.
As of December 30, 2023, the company held $571.8 million in total cash, short-term investments,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n36898768/viavi-announces-second-quarter-fiscal-2024-results" rel="noreferrer noopener">and short-term restricted cash</a>.
Price Action: VIAV shares closed at $9.73 on Monday.
Photo via Shutterstock

Comments

Spirent Communications

Spirent Communications (SPMYY) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga