ADTRAN, Inc. (ADTN)
- Business Wire
Start of Negotiations of a Domination Agreement or a Domination and Profit and Loss Transfer Agreement between Acorn HoldCo, Inc. and ADVA Optical Networking SE
HUNTSVILLE, Ala., July 07, 2022--Acorn HoldCo, Inc. ("Acorn HoldCo") and ADVA Optical Networking SE ("ADVA") agreed to enter into negotiations regarding the conclusion of a domination agreement or a domination and profit and loss transfer agreement within the meaning of Sec. 291 para. 1 of the German Stock Corporation Act (Aktiengesetz) between ADVA as the dominated entity and Acorn HoldCo (or a subsidiary yet to be established) as dominating entity.
- Business Wire
FDI Approvals Completed for ADTRAN/ADVA Business Combination
HUNTSVILLE, Ala., July 06, 2022--ADTRAN, Inc. (NASDAQ: ADTN) today announced that it has received foreign direct investment (FDI) approval from the German Ministry for Economic Affairs and Climate Action (Bundesministerium fĂĽr Wirtschaft und Klimaschutz, BMWK) for the business combination transaction between ADTRAN and ADVA Optical Networking SE. With this approval, all offer conditions of the exchange offer have been met, and the transaction will now move toward closing.
- Zacks
Adtran (ADTN) Moves to Strong Buy: Rationale Behind the Upgrade
Adtran (ADTN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
