- (PLX AI) – ADVA and ADTRAN shall be combined under a new holding company incorporated by ADTRAN as a subsidiary.
- • Offer valuing ADVA at EUR 17.17 per share representing a premium of 33% to ADVA's closing price as of August 27
- • ADVA shareholders would own approximately 46% of the combined company's equity
- • Closing of the transaction is expected to occur during the second or third quarter of 2022
- • Minimum acceptance rate of 70% of the outstanding shares in ADVA