Announced
Financials
Tags
Majority
networking equipment
Single Bidder
Acquisition
Israel
Cross Border
Public
Telecommunications Equipment
Pending
Friendly
Synopsis
Aviat Networks, a wireless transport solutions, agreed to acquire the remaining stake in Ceragon Networks, a networking equipment vendor, for $223m. "Our Board of Directors has spent considerable time analyzing the benefits of this combination and is unanimous in its belief that such a transaction has clear strategic and financial merits and creates a compelling opportunity to deliver meaningful near- and long-term value," John Mutch, Aviat Chairman.
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