ADTRAN/ADVA Combination Reaches Major Milestones

Key Facts

HUNTSVILLE, Ala.--()--ADTRAN, Inc., (NASDAQ: ADTN) today announced that the acceptance of the exchange offer regarding the proposed business combination between ADTRAN and ADVA Optical Networking SE (FSE: ADV) has been recommended by ADVA's management and supervisory boards and that key antitrust approvals have been received.
“Progress of our merger is on track with key antitrust clearances now received and the parties focusing on cooperative proceedings with the FDI authorities.
ADTRAN also announced that it has scheduled a special meeting of its shareholders to be held on January 6, 2022, at 10:30 a.m. (CST) to seek approval by ADTRAN’s shareholders of the proposed business combination, a key milestone.
ADTRAN Chairman and Chief Executive Officer Tom Stanton stated, “Progress of our merger is on track with key antitrust clearances now received and the parties focusing on cooperative proceedings with the FDI authorities.