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SANTA ROSA, Calif. - Keysight Technologies, Inc. (NYSE:KEYS), a $28.7 billion technology company with annual revenue of $5.1 billion, announced Thursday that it continues to work with Chinese regulators to secure the final approval needed for its proposed acquisition of Spirent Communications PLC (LSE:SPT).
The State Administration for Market Regulation of the People’s Republic of China (SAMR) is conducting the last remaining regulatory review of the transaction. Keysight stated that both companies are engaging "constructively" with Chinese authorities to obtain clearance.
All other regulatory approvals for the acquisition have been secured. Keysight now expects the transaction to be completed on or before September 29, 2025, which is the designated "Long Stop Date" for the deal.
The acquisition remains subject to several conditions, including court sanction of the scheme of arrangement. The companies indicated they are keeping the timetable under close review and will provide updates as needed.
Keysight Technologies, an S&P 500 company, provides design, emulation, and test solutions for the communications, industrial automation, aerospace and defense, automotive, semiconductor, and electronics markets.
This information is based on a press release statement from Keysight Technologies.
In other recent news, Keysight Technologies has reported several significant developments. The company received an upgrade from BofA Securities, which raised its rating from Underperform to Neutral and increased the price target to $175.00, citing stabilization in revenue declines post-5G investment peaks. Additionally, Keysight has introduced an enhanced PXE Electromagnetic Interference (EMI) Receiver, which significantly improves test speed by extending wideband Time-Domain Scan capabilities to a 1 GHz measurement bandwidth. This advancement is aimed at addressing bottlenecks in electromagnetic compliance certification testing. In the automotive sector, Keysight has collaborated with NIO to enhance the wireless systems of its smart electric vehicles, ensuring compliance with industry standards. Furthermore, Keysight has received clearance from the U.S. Department of Justice for its planned acquisition of Spirent Communications. As part of this acquisition, Keysight will divest certain Spirent business lines, including high-speed ethernet and network security segments, to address antitrust concerns.
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