Summary
Telecoms equipment firm Spirent yesterday agreed to sell its network products division for pounds 289 million in a bid to focus on its core communications arm.
Spirent is offloading HellermannTyton, which makes products such as insulating coverings for wires and cables, to private equity firm Doughty Hanson after first revealing in September it wanted to exit the business.See the full content of this document
Extract
Spirent has Pounds 289m to Focus On Core Arm
The move will allow Spirent to buy back up to pounds 50 million of shares from investors and will bolster its financial position.
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