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Test, measurement, and assurance technology company VIAVI Solutions Inc. has proposed the acquisition of EXFO Inc., a test and service assurance solutions developer for wireline and wireless network operators and equipment manufacturers. Both companies are prominent figures in the communications test and measurement sector. The acquisition offer, worth approximately $430 million (524 million CAD) and $7.50 per share, is the third offer VIAVI has proposed to acquire EXFO.
The current proposal comes less than 10 days after EXFO announced a “going private” transaction. Per the transaction, EXFO CEO, founder, and majority shareholder Germain Lamonde would acquire all outstanding (subordinate voting) shares of the company.