Street Calls of the Week
LONDON - Spirent Communications plc (LSE:SPT) confirmed Wednesday that the court hearing for its proposed acquisition by Keysight Technologies Inc. (NYSE:KEYS) will take place on October 14, 2025.
The hearing represents one of the final steps in the recommended all-cash acquisition, which was first announced on March 28, 2024. If the court sanctions the scheme at the hearing, and remaining conditions are satisfied, the acquisition is expected to become effective on October 15, 2025.
Following the effective date, trading in Spirent shares will be suspended by 7:30 a.m. on October 16, with the listing canceled by 7:30 a.m. on October 17. Shareholders can expect to receive cash consideration by October 29.
The announcement follows Spirent’s May 22, 2024 confirmation that shareholders approved the deal at the Court Meeting and General Meeting, and the September 29, 2025 announcement that all required regulatory approvals had been received.
The acquisition is being implemented through a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.
Spirent stated that further details about the Court hearing will be available on the Business and Property Courts Rolls Building Cause List website the day before the hearing.
The company noted that if any dates in the expected timetable change, revised information will be announced through the London Stock Exchange’s Regulatory Information Service.
This update was provided in a press release statement from Spirent Communications.
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