Home #Sandvine accepts CAD 562 mln bid from #Francisco, #Procera
 

Keywords :   


#Sandvine accepts CAD 562 mln bid from #Francisco, #Procera

2017-07-17 18:06:00| Telecompaper Headlines

(Telecompaper) Sandvine said it has terminated its agreement with Scalar, which made an offer for the company at CAD 4.15, and cut a new deal with Procera and PNI Acquireco, which will together pay CAD 4.40 per share. The price values Sandvine at CAD 562 million and represents a 40 percent premium to Sandvine's closing price on 26 May, before bidding started for the company. Sandvine will be combined with Procera, and led by Procera CEO Lyndon Cantor, together with Procera CFO Richard Deggs. The new company will retain the Sandvine name; it will serve over 400 communications service provider customers, with over 1 billion subscribers in more than 100 countries, as well as over 500 enterprise customers and more than 100 OEM and channel partners.

Tags: francisco bid accepts cad

Category:Telecommunications

Latest from this category

All news

»
28.03Understanding cattle grazing personalities may foster sustainable rangelands
28.03Bill seeks fairer market prices for Livestock Indemnity Program
28.03Menopause & Vaginal Health Brand Kindra Has a New Brand Ambassador
28.03Philip Pelusi Expands Talent Gallery
28.03Apothékary Expands Wellness Offerings With Skincare Supplement
28.03Florida 4-H youth uses 3D printer to save pig
28.03Proposed meat, poultry plant wastewater standards stir up strong opinions
28.03AMPs New Design Scheme Aims to Flex Artificial Intelligence Capabilities in MRFs
More »