Reuters logo
BRIEF-Spirent Communications to buy Radvision's technology business unit for $25 mln
July 2, 2014 / 6:20 AM / 3 years ago

BRIEF-Spirent Communications to buy Radvision's technology business unit for $25 mln

July 2 (Reuters) - Spirent Communications Plc

* Acquisition

* Spirent agrees to acquire radvision’s technology business unit

* Deal for a cash consideration of $25.0 million, funded from existing cash resources

* Acquisition is expected to be earnings enhancing and cash generative in first full year, and have a return on investment in excess of cost of capital

* TBU will be reported as part of Spirent’s wireless and service experience division

* Transaction is subject to customary closing conditions and is expected to close within 30 to 60 days Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below