Manage Tickers Link Financial Account

Has my stock been accused of fraud?Join over 160k users who know.

Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

Ticker	Case Name	Status	CP Start	CP End	Deadline	Settlement Amt

Ticker	Name	Date	Analyst Firm	Up/Down	Target ($)	Rating Change	Rating Current

Viavi Raises EXFO Takeover Offer To $8 Per Share

Author: Anusuya Lahiri | July 20, 2021 09:57am

Viavi Solutions Inc (NASDAQ:VIAV) increased the binding proposal to acquire EXFO Inc (NASDAQ:EXFO) from $7.50 to $8.00 per share.
The offer reflects EXFO's Q3 2021 financial results in which bookings rose 47.2% year-on-year to $87 million with a book-to-bill ratio at 1.20.
VIAVI's proposal now values EXFO at $459 million, a premium of 116% to the June 4 closing price, the last trading day before the going-private announcement. It signifies a 33.33% to the $6.00 consideration offered under the going-private transaction and 6.7% to VIAVI's previous already-superior proposal to acquire EXFO.
VIAVI's proposal beats the $5.75 -$7.50 formal valuation range of EXFO's subordinate voting shares prepared by TD Securities Inc., acting as the EXFO Special Committee's evaluator for the going-private transaction.
Price action: EXFO shares traded higher by 1.51% at $6.04 on the last check Tuesday.

Posted In: EXFO VIAV