Date:	--/--/-- --:--:--
Event Id:	E55YP6R3H
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	SPT.GB
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	1.99
Price Per Share Currency:	GBP
News References:	https://www.businesswire.com/news/home/20250724409524/en/

Action Notes

Keysight Technologies (NYSE: KEYS), today announced its intention to acquire the entire issued and to be issued share capital of Spirent Communications PLC (London Stock Exchange Symbol: SPT) ("Spirent") for a cash consideration of 199 pence per Spirent share which values Spirent at approximately ?1,158 million (US$ $1,463 million1), on a fully diluted basis. Spirent shareholders will also be entitled to receive a special dividend of 2.5 pence per Spirent share, in lieu of any final dividend for the year ended 31 December 2023 (together with the cash consideration of 199 pence per share, the "Offer"). he Acquisition Value comprises, for each Spirent Share: o 199.0 pence in cash (the "Acquisition Price"); and o a special dividend of 2.5 pence per Spirent Share, in lieu of any final dividend for the year ended 31 December 2023 (the "Permitted Dividend"). 7/19 Keysight and Spirent continue to expect the Scheme to become effective during the first half of Keysight's next fiscal year, being 1 November 2024 to 30 April 2025.Keysight continues to expect that the Scheme will become effective during the third quarter of Keysight's current fiscal year (period ending July 31, 2025). The parties continue to keep the timetable under close review and will provide any updates as required.Keysight now expects that the Scheme will become effective on or before September 29, 2025, being the Long Stop Date (as defined in the Scheme Document). The parties continue to keep the timetable under close review and will provide any updates as required.