Verition Fund Management LLC Discloses 2.18% Stake in Spirent Communications PLC

Verition Fund Management LLC disclosed a 2.18% interest in Spirent Communications PLC, with 12,726,599 ordinary shares owned and/or controlled, and 259 cash-settled derivatives. No short positions were disclosed. The disclosure was made on August 21, 2025.

Verition Fund Management LLC, a UK-based fund management company, has disclosed a 2.18% interest in Spirent Communications PLC. According to the regulatory announcement made on August 21, 2025, the fund holds 12,726,599 ordinary shares and 259 cash-settled derivatives [1].

The disclosure, made under Rule 8.3 of the Takeover Code, outlines Verition's holdings in Spirent Communications. No short positions were reported. The latest practicable date for the position held was August 21, 2025. The announcement also states that no disclosures are made in respect of any other party to the offer.

Verition's interest in Spirent Communications comes at a critical time for the latter, as China's antitrust review of its planned acquisition by Keysight Technologies has been paused for several weeks. The State Administration for Market Regulation is market-testing a remedy proposal, which could include structural and behavioral conditions to address market concerns [2].

This regulatory pause could impact the timeline and conditions of the acquisition, potentially affecting Spirent Communications' stock price and investor sentiment.

References:
[1] https://www.businesswire.com/news/home/20250822665541/en/Verition-Fund-Management-LLC-UK-Regulatory-Announcement-Form-8.3---SPIRENT-COMMUNICATIONS-PLC
[2] https://www.mlex.com/mlex/dealrisk/articles/2377500/keysight-spirent-remedies-under-market-test-as-china-review-clock-pauses-near-deadline