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LONDON - Keysight Technologies, Inc. (NYSE:KEYS) and Spirent Communications plc (LSE:SPT) announced Tuesday that the UK Court has approved an extension of the deadline for their pending acquisition deal from September 29 to October 27, 2025.
The extension relates to Keysight’s recommended cash acquisition of Spirent, which was initially announced on March 28, 2024. The transaction is being implemented through a Court-sanctioned scheme of arrangement under the Companies Act 2006.
According to the companies’ statement, Keysight believes that the review by China’s State Administration for Market Regulation (SAMR) is in its final stages, with clearance expected shortly. This regulatory approval represents one of the remaining conditions that must be satisfied before the acquisition can be completed.
The companies had previously announced on September 9 that they agreed to seek the deadline extension, subject to Court approval, which has now been granted.
The Court’s approval was given without prejudice to the ability of any Spirent shareholder to argue against the extension at the future Court Sanction Hearing, which will determine whether the scheme of arrangement will be sanctioned.
Both companies indicated they will provide further updates as appropriate while they continue to monitor the timetable closely.
The information in this article is based on a press release statement from the companies.
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