EXFO on Tuesday announced that it has completed its going private transaction under a plan of arrangement with 11172239 Canada, a corporation controlled by Germain Lamonde (Purchaser).
Pursuant to the arrangement, the Purchaser acquired all the issued and outstanding subordinate voting shares of EXFO, other than the subordinate voting shares held by the Purchaser, for US $6.25 per subordinate voting share in cash.
As a result of the transaction, the subordinate voting shares of EXFO will be voluntarily and imminently de-listed from the Toronto Stock Exchange and the NASDAQ.
Germain Lamonde, EXFO's Founder and Majority Shareholder
As we're about to write a new chapter in EXFO's 36-year history, I would like to express my heartfelt appreciation to shareholders, customers and employees around the world as we heard you loud and clear with your overwhelming support and confidence in our going-private transaction. EXFO has built a tremendous reputation as a disruptive innovator and partner of choice with best-of-class support and service on a global basis.
