Ceragon sets the record straight on engagement with Aviat

Ceragon Networks Ltd. sent a letter to the Board of Directors of Aviat Networks, Inc. in response to Aviat’s recent misleading claims about its indication of interest to acquire Ceragon.

Ceragon’s Board remains unanimous in its view that Aviat’s indicative deal terms, including the $2.80 per share indicative price, are unacceptable and significantly undervalues the Company. If Aviat is successful in its hostile attack and will take control over Ceragon’s Board, it alone will enjoy the upside, depriving all other Ceragon shareholders of the chance to obtain the significant value the Ceragon Board expects the Company’s shareholders to achieve.

The Ceragon Board has always been willing to consider a potential combination with Aviat, but only if such combination delivers full, fair and certain value to all Ceragon’s shareholders.

Ceragon urges its shareholders to protect their investment by voting the WHITE proxy card “AGAINST” Aviat’s attempt to take control of the Board to force a depriving deal term with their senders.

CT Bureau