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 »