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We provide the latest news from the world of economics and finance
Spirent Communications shares surged 10% on Thursday after the British company backed a takeover offer put forward by Keysight Technologies that saw the California company outbid its rival Viavi Solutions to take over the struggling telecoms testing firm.
In a joint statement, Keysight and Spirent said they had reached an agreement that would see the California company takeover the Crawley headquartered business at a price of £1.16 billion ($1.46 billion).
Spirent...
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