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EXFO fends off yet another bid from Viavi

2021-07-21 02:00:00| Total Telecom industry news

At the start of June, network testing equipment company EXFO’s founder and chairman, Germain Lamonde, announced his intentions to take the company private. Lamonde currently owns, both directly and indirectly, a 61.46% stake in the business and made an offer to shareholders for the remain equity at the price of $6 per share, a 63% premium on the company’s averaged stock value.   Just days after this news was announced, rival testing company Viavi Solutions smelled an opportunity, offering instead to buy the company outright for $7.50 per share.   This was not the first time Viavi had made a move to buy…read more on TotalTele.com » [ more ]

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