ADTRAN and ADVA to merge in all-stock deal to create fiber networking leader

ADTRAN and ADVA announced a business combination agreement to merge in an all-stock transaction, creating a combined company with $1.2 billion revenue. ADTRAN shareholders will own approximately 54% and ADVA shareholders approximately 46%.

“ADTRAN, Inc., and ADVA announced today the entry into a business combination agreement to combine the two companies.”businesswire.com

• 1 source
• businesswire.comADTRAN and ADVA Announce Combination to Create Global, Scaled End-to-End Fiber Networking Solutions LeaderAug 30, 2021

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