Ceragon Networks Ltd. (NASDAQ: CRNT) (the "Company", "Ceragon", "we", "us", or "our") today issued the following letter to shareholders concerning the response of Ceragon's Board of Directors (the "Board") to the revised unsolicited, highly conditional, non-binding indication of interest from Aviat Networks, Inc. (NASDAQ: AVNW), a competitor of Ceragon.
Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport solutions, announced today that it will release its fourth quarter fiscal 2022 and full year financial results for the period ended July 1, 2022, on August 23, 2022, after the market closes.
Aviat Networks, Inc. (NASDAQ: AVNW) ("Aviat"), the leading expert in wireless transport solutions, today announced it has submitted a revised nonbinding proposal ("Revised Proposal") to acquire all the outstanding shares of Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon") to the Ceragon Board. The Revised Proposal provides even greater value than Aviat's June 27, 2022 proposal and is structured to maximize value and certainty for Ceragon and its shareholders, and to address the requests Ceragon