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LONDON - Spirent Communications plc announced Friday that its shares have been delisted from the London Stock Exchange and removed from the Official List maintained by the Financial Conduct Authority, effective 7:30 a.m. London time.
The delisting follows the completion of Keysight Technologies Inc.’s acquisition of Spirent, which was announced on October 15 when the scheme of arrangement became effective.
The Financial Conduct Authority has cancelled the listing of Spirent shares on the Official List, while the London Stock Exchange has terminated trading of the company’s shares on its main market for listed securities.
This development marks the final step in Spirent’s transition from a publicly traded company to a subsidiary of Keysight Technologies, following the acquisition process that began earlier this year.
The scheme document related to the acquisition was dated April 25, 2024, indicating that the transaction has been in progress for several months before reaching completion this week.
Spirent Communications, which provides testing and measurement solutions for communications networks and applications, had UBS, Rothschild & Co, and Jefferies serving as financial advisers for the transaction, with Linklaters LLP retained as legal adviser.
The announcement was made via a regulatory news service filing, based on a press release statement from the company.
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