Adtran Holdings completes deal with German ADVA

Headquarters to remain in Huntsville, with European HQ in Munich

Huntsville-based Adtran has settled an exchange offer with German optical networking firm ADVA. Adtran will be a direct subsidiary of the new entity, Adtran Holdings Inc., which will own a 65% majority of ADVA. Shares in Adtran Holdings began trading Friday on NASDAQ and on the Frankfurt Stock Exchange. “The effectiveness of the agreement is…

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