ADTRAN Holdings, Inc. - ADTN STOCK NEWS

ADTRAN, Inc. (NASDAQ: ADTN) will release its fourth quarter 2021 financial results after market close on February 2, 2022. A conference call is scheduled for February 3, 2022 at 9:30 a.m. Central Time to discuss the results. Investors can access the event via ADTRAN’s Investor Relations site. A replay and transcript will be available afterwards for at least 12 months. ADTRAN focuses on connecting communications service providers globally, optimizing technology infrastructures for future networking.

ADTRAN, Inc. (NASDAQ: ADTN) has announced that its stockholders overwhelmingly approved the business combination with ADVA Optical Networking SE. In a Special Meeting, 85% of ADTRAN's shares were represented, with over 99% voting in favor. The transaction has already received unanimous support from ADTRAN's Board, as well as from ADVA's management and supervisory boards, and major shareholder Egora, representing 13.7% of ADVA's outstanding shares. The next key milestone is the tender acceptance period closing on January 12, 2022, requiring at least 70% of ADVA shares to be tendered.

ADTRAN, Inc. (NASDAQ: ADTN) announced a quorum for its Special Meeting of Stockholders on January 6, 2022, to discuss its business combination with ADVA Optical Networking SE. A significant majority of stockholders have already voted in favor of this transaction, indicating strong support. ADTRAN believes this merger will create a leading global provider of fiber networking solutions. ADVA shareholders are encouraged to tender their shares by January 12, 2022, with at least 70% required for the deal to proceed.

ADTRAN, a prominent provider of networking solutions, announced its participation in the 24th Annual Needham Virtual Growth Conference on January 12, 2022, at 4:15 PM ET. Company representatives will discuss the potential business combination with ADVA Optical Networking and share insights on industry trends affecting ADTRAN's operations. The event will be webcasted for public access. It's important to note that the presentation may involve forward-looking statements, highlighting inherent risks and uncertainties.

ADTRAN, Inc. (NASDAQ:ADTN) has partnered with FiberRise and KGPCo to provide a comprehensive solution for electric utilities to establish fiber broadband networks. This unique collaboration guarantees support for utilities to fund, build, and operate new fiber systems in under 10 months. This initiative aligns with the recent $65 billion broadband investment from the U.S. Infrastructure Investment and Jobs Act, aiding utilities in customer growth and operational efficiency. The partnership aims to close the Digital Divide, enhancing broadband access in rural areas while promoting grid modernization.

ADTRAN has received recommendations from ADVA's management and supervisory boards to accept the exchange offer for a proposed business combination between the two companies. Key antitrust approvals have been obtained, with the offer period in Germany running from November 12, 2021, to January 12, 2022. A special shareholder meeting has been scheduled for January 6, 2022. ADTRAN’s CEO, Tom Stanton, stated that customer feedback has been positive, and the merger's completion timeline remains on track.

ADTRAN, Inc. (NASDAQ: ADTN) announced a special meeting on January 6, 2022, for stockholders to vote on the Business Combination Agreement with Acorn HoldCo and ADVA Optical Networking SE. This merger will allow ADTRAN and ADVA to become subsidiaries of Acorn HoldCo. The virtual meeting starts at 10:30 AM CST, and stockholders of record as of November 16, 2021 are eligible to vote. Shareholders can vote online, via phone, or during the meeting itself. Further information about the merger can be accessed through ADTRAN's website.

Acorn HoldCo, a subsidiary of ADTRAN, has released the Offer Document for a voluntary takeover of ADVA Optical Networking, proposing an exchange of ADVA shares for Acorn HoldCo shares at a ratio of 0.8244. The combined entity will focus on delivering end-to-end fiber networking solutions. Acceptance of the Offer is open until January 12, 2022, with a minimum acceptance threshold of 70%. Acorn HoldCo has secured commitments from key ADVA shareholders. Regulatory approvals and shareholder consent are necessary for the transaction's completion.

ADTRAN, a leading provider of networking solutions, will present at the Needham Virtual Security, Networking & Communications Conference on November 16, 2021. The presentation will include updates on ADTRAN’s proposed business combination with ADVA Optical Networking and insights on industry trends affecting the market. The live webcast can be accessed here. This event highlights ADTRAN's commitment to advancing global networking and connecting people worldwide.