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:Keysight Technologies outbid rival Viavi Solutions to buy Spirent Communications for about 1.16 billion pounds ($1.46 billion) on Thursday, winning a battle over the UK telecoms testing firm's expertise in automation.Shares in London-listed Spirent were up 10.6 per cent to 198.0 pence as of 0957 GMT. Electro
UK's FTSE 100 edged higher at open on Thursday, bolstered broadly by commodity-linked stocks in the last trading day of the week, while telecommunications testing firm Spirent Communications jumped on...
Electronic equipment maker Keysight outbid US peer Viavi Solutions, which had already agreed to take over the UK telecoms firm earlier this month.
London stocks were still firmer by midday on Thursday as investors shrugged off data confirming the UK fell into recession in the second half of last year.
Spirent Communications ditched a proposed sale to peer Viavi Solutions in favour of a higher offer from Keysight Technologies.