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Adtran Networks SE develops, manufactures, and sells optical and Ethernet-based networking solutions to telecommunications carriers and enterprises to deliver data, storage, voice, and video services. These systems are used by telecommunications service providers, private companies, universities, and government agencies. Some of its product categories are Open optical transport, Packet edge and aggregation, Disaggregated networking, Network virtualization, Network infrastructure assurance, and Automated network management. ADVA's geographical segments are Germany; the Rest of Europe, the Middle East and Africa; the Americas; and Asia-Pacific.

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Merger Monday: 9 M&amp;A Firecrackers Ahead Of Market Holiday

ADVA OPTICAL NETWORKING by ADVA AG Optical Networking

Adtran Networks SE

Adtran Networks

<ul>
	<li>Adtran Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) and&nbsp;ADVA Optical Networking SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADVOF#OTC">ADVOF</a>) have&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/08/b22715725/adtran-and-adva-announce-combination-to-create-global-scaled-end-to-end-fiber-networking-solutions" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">agreed to consolidate</a>&nbsp;to create a global, scaled provider of end-to-end fiber networking solutions for the communications service provider, enterprise, and government customers.&nbsp;</li>
	<li>The combined business will offer a comprehensive portfolio for homes, businesses, and 5G infrastructure with scalable, secure, and assured fiber connectivity, paired with cloud-managed Wi-Fi connectivity and SaaS applications.</li>
	<li>The combination offers $52 million in pre-tax annual cost synergies realized within two years post-closing.</li>
	<li>Adtran and ADVA will combine under a new holding company&nbsp;Adtran Holdings, Inc, in the all-stock transaction with a global headquarters in Huntsville, AL, and a European headquarters in Munich, Germany.</li>
	<li>Each ADVA share will represent 0.8244 shares in the new holding company. Each Adtran share will signify a share in the new company.&nbsp;</li>
	<li>The purchase price of &euro;14.98 per ADVA share represents a premium of 22% based on Adtran&#39;s 3-month VWAP as of August 27. Adtran will have a 54% stake in the company, and ADVA will own the remaining 46% share.</li>
	<li>Adtran&#39;s Chairman and CEO, Tom Stanton, will serve in the same capacity. ADVA&#39;s CEO, Brian Protiva, will become the VC. Adtran&#39;s CFO, Mike Foliano, will remain in his current role.&nbsp;</li>
	<li>ADVA&#39;s CTO, Christoph Glingener, will serve in the same capacity. The company will be dual-listed on the NASDAQ and Frankfurt Stock Exchange.</li>
	<li>Price Action:&nbsp;ADTN shares traded lower by 15.3% at $20.80 on the last check Monday.</li>
</ul>

Just ahead of Independence Day market closures, rumors and news abounded of mergers, from revived chatter of Walt Disney Co (NYSE:<a class="ticker" href="/stock/DIS#NYSE">DIS</a>) for Verizon Communications Inc. (NYSE:<a class="ticker" href="/stock/VZ#NYSE">VZ</a>) to new disruptions by activist investors.
<h3>1. Bankrate</h3>
Red Ventures, a privately owned data company, entered a $1.4 billion deal to acquire Bankrate Inc (NYSE:<a class="ticker" href="/stock/RATE#NYSE">RATE</a>). Shareholders of the content publisher will receive $14 per share.
The transaction will blend Bankrate&rsquo;s personal finance services with Red Ventures&rsquo; insight into consumer-brand connections.
&quot;We&#39;re excited to join forces with the Bankrate team, which has built an impressive and powerful platform of consumer-facing financial services content and brands,&quot; Red Ventures CEO Ric Elias said in a press release. &quot;Our capabilities are highly complementary. We see significant potential to leverage our technology, strategic partnerships and digital expertise and build on Bankrate&#39;s leading platforms to help more consumers find the financial services and products that meet their needs.&quot;
<h3>2. EQT Corporation</h3>
Traders circulated chatter that activist firm Jana Partners took a 5-percent stake in EQT Corporation (NYSE:<a class="ticker" href="/stock/EQT#NYSE">EQT</a>) with the intention of tanking its pending, $6.7 billion purchase of Rice Energy Inc (NYSE:<a class="ticker" href="/stock/RICE#NYSE">RICE</a>).
<h3>3. AK Steel</h3>
AK Steel Holding Corporation (NYSE:<a class="ticker" href="/stock/AKS#NYSE">AKS</a>) announced an agreement to acquire Precision Partners Holding Company, a Canadian automotive company, for $360 million in cash.
&quot;This acquisition will combine the best of both companies, bringing AK Steel&#39;s innovation in materials and manufacturing together with Precision Partners&#39; tooling and stamping knowledge and technology, to create a differentiated, innovative leader in the steel industry,&rdquo; AK Steel CEO Roger Newport said in a press release.
<h3>4. Opexa Therapeutics</h3>
Opexa Therapeutics Inc (NASDAQ:<a class="ticker" href="/stock/OPXA#NASDAQ">OPXA</a>) and Acer Therapeutics announced a merger that will result in 11.2-percent ownership by current Opexa shareholders and 88.8-percent ownership by current Acer shareholders.
&quot;Acer&#39;s lead asset, EDSIVO [for vascular Ehlers-Danlos Syndrome], could be on the market within the next two years,&rdquo; Opexa CEO Neil Warma said in a press release. &ldquo;This factor, together with Acer&#39;s strategic vision, pipeline, the recently secured financing and Acer&#39;s strong management team, provides Opexa shareholders with an opportunity for growth in the value of their shares.&quot;
<h3>5. MRV Communications</h3>
Both parties&rsquo; boards of directors approved ADVA Optical Networking (OTC:<a class="ticker" href="/stock/ADVOF#OTC">ADVOF</a>)&rsquo;s acquisition of MRV Communications, Inc. (NASDAQ:<a class="ticker" href="/stock/MRVC#NASDAQ">MRVC</a>) for $10 per share.
&quot;We see a very natural fit between ADVA Optical Networking and MRV as both companies have been long-standing suppliers to the Carrier Ethernet and Optical Transport markets,&rdquo; MRV CEO Mark Bonney said in a press release. &ldquo;With so much in common technically and culturally but with relatively little overlap among customers, the combined company will be in a stronger position to support the evolving needs of its target markets.&rdquo;
<h3>6. LCI Industries</h3>
Lippert Components, Inc., a subsidiary of automotive supplier LCI Industries (NYSE:<a class="ticker" href="/stock/LCII#NYSE">LCII</a>) acquired Italian manufacturer Metallarte S.r.l. and its subsidiary, RV Doors, S.r.l. for about $16.8 million in cash.
&ldquo;Metallarte is our third European acquisition in 13 months,&rdquo; LCI President Scott Mereness said in a press release. &ldquo;We believe this transaction further accelerates the opportunities to expand LCI&#39;s product offerings for the European RV market.
<h3>7. Monster Digital</h3>
Monster Digital Inc (NASDAQ:<a class="ticker" href="/stock/MSDI#NASDAQ">MSDI</a>) will merge with Innovate Biopharma &mdash; a deal that will secure Innovate shareholders majority ownership.
&quot;We believe that access to the public market this merger provides will be key in driving our lead program for celiac disease into its final stage of clinical testing,&rdquo; Innovate&#39;s CEO Christopher P. Prior said in a press release.
<h3>8. NCI Inc</h3>
Information technology company NCI Inc (NASDAQ:<a class="ticker" href="/stock/NCIT#NASDAQ">NCIT</a>) reported its $283 million sale to H.I.G. Capital Management for $20 per share in cash.
<h3>9. Allied World Assurance</h3>
The insurance firms of Allied World Assurance Company Hldgs Ltd (NYSE:<a class="ticker" href="/stock/AWH#NYSE">AWH</a>) and Fairfax Financial extended the offering period for purchase of outstanding Allied World shares from June 30 to July 5.

Merger Monday: 9 M&A Firecrackers Ahead Of Market Holiday

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