HUNTSVILLE, Ala., January 28, 2022--ADTRAN, Inc. today announced that as of the end of the initial acceptance period on January 26, 2022 (midnight Central Europe Time (CET)), the voluntary public takeover offer (exchange offer) by Acorn HoldCo, Inc. to all shareholders of ADVA Optical Networking SE has been accepted by more than 60% of all shares of ADVA Optical Networking SE entitled to voting rights existing as of October 31, 2021, thus exceeding the required minimum acceptance threshold.
Adtran (ADTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HUNTSVILLE, Ala., January 25, 2022--ADTRAN, Inc. today announced that the proposed business combination of ADTRAN and ADVA Networking SE has reached a key U.S. regulatory milestone. In connection with the Business Combination Agreement, ADTRAN and ADVA made a joint, voluntary filing with the Committee on Foreign Investment in the United States (CFIUS) concerning the transaction. On January 20, 2022, ADTRAN and ADVA received notice from CFIUS that it had completed its review of the transaction an