Ceragon’s Board of Directors and Management are committed to acting in the best interests of the Company and its shareholders. With a strong core franchise and new growth initiatives underway, Ceragon’s strategy has driven increased bookings and market share, and is expected to create significant revenue growth, margin expansion and shareholder value.
Ceragon recently received a slightly revised, highly conditional, non-binding indication of interest ("Revised IOI") from a competitor, Aviat Networks, to acquire Ceragon at $3.08 per share. After a careful and thorough review, conducted in consultation with our independent financial and legal advisors, the Board unanimously concluded that Aviat’s Revised IOI continues to significantly undervalue the Company and is not in the best interests of Ceragon Shareholders.
WE URGE CERAGON'S SHAREHOLDERS TO PROTECT THEIR INVESTMENT BY VOTING ON THE WHITE PROXY CARD "AGAINST" AVIAT'S ATTEMPT TO TAKE CONTROL OF THE BOARD AND IGNORING AVIAT'S GOLD PROXY CARD