Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

Aviat Networks (AVNW) Proposes to Acquire Ceragon Networks (CRNT) for $2.80 Per Share in Cash

  • July 6, 2022


StockCeragon Networks Ltd.SymbolCRNT
Date Announced06/27/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Aviat Networks, Inc.

Aviat Networks, Inc. (AVNW), the leading expert in wireless transport solutions, announced it has submitted a nonbinding proposal to acquire all the outstanding shares of Ceragon Networks Ltd. (CRNT) that it does not already own for $2.80 per share in cash. Aviat holds more than 5% of Ceragon’s outstanding shares as of June 24, 2022, making it Ceragon’s third largest shareholder.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.