ADTRAN to acquire ADVA in US$930 million deal
US-based ADTRAN has announced it is to acquire German metro and carrier ethernet firm ADVA, in an all-stock transaction which values ADVA at around US$930 million (€789) based on a price of €14.98 euros a share. The deal is subject to approval by the German Federal Financial Supervisory Authority, Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin), which expected […]