Acorn HoldCo/ADTRAN Agrees to Takeover of ADVA Optical Networking SE

July 6, 2022

Acorn HoldCo, Inc., in connection with ADTRAN, launched a voluntary public takeover offer for ADVA Optical Networking SE, securing 65.43% of ADVA shares via an exchange of Acorn HoldCo common stock. Acorn HoldCo intends to implement a domination and profit and loss transfer agreement to integrate ADVA with ADTRAN and realize operational synergies prior to year-end 2022.

Buyers
Acorn HoldCo, Inc., ADTRAN, Inc.
Targets
ADVA Optical Networking SE
Location
Bavaria, Germany
Transaction Type
Buyout

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