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

23.04Tele2 lift sales 5%, EBITDA 7% in Q1 pulled up by Baltics, Kazakhstan, Croatia
23.04DoJ investigates AT&T, Verizon, GSMA for possible eSim collusion
23.04China Mobile's Q1 profit, EBITDA grow 4%
23.04Last week in telecoms: Q1 reports, Russian recovery and a Vodafone/Liberty report after the close
23.04Vodafone closes in on Liberty Global's Eastern European assets
23.04Weekend Round Up - Nokia to help Canadian cities fund smart city initiatives
23.04Deutsche Telekom focuses on digitalisation in Western Balkan states
23.04BT Sport focuses on mobile content with new appointment
Telecommunications »
24.04Variation in visual estimations of motility by laboratory technicians
24.04Homestead | 4-23-18 | 3181 SW Sam Jackson Park Rd | Design Review - STAFF REPORT | LU 18-116134 DZ
24.04Boca Raton, Fla., elementary will be rebuilt on existing site
24.04Prioritizing Needs Presentation
24.04Needs Analysis Presentation
24.04Pedestrian Network Presentation
24.04Lab-grown meat
24.04Retail woes force hundreds of store closures
More »