Reportedly, publicly listed Keysight Technologies is preparing an official bid for Spirent, with an estimated market value of 200p per share, according to information that News has obtained.
With roots dating back to 1936, Spirent tests WiFi and 5G networks for customers, mostly in the telecom industry.
With its headquarters in Crawley, it has 1,500 employees.
It was once known as Bowthorpe until 2000, when it changed its name to Spirent.
There will be more questions about whether the UK equity markets are undervaluing profitable companies with significant growth potential in light of the current bidding war between two American companies for a technology provider that is listed in London.
Because of the UK’s failing economy and declining value of the pound, US predators find British enterprises especially appealing.
