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

  • July 6, 2022

POTENTIAL DEAL DETAILS

Stock Ceragon Networks Ltd. Symbol CRNT
Date Announced 06/27/2022 Source Press Release
Type Unsolicited Bid Acquiring 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.

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