INVAS NEWS

Latest about Invas Product Launches & Services

EXFO announces the filing of a voluntary tender offer for Astellia's shares01-Dec-17

  • EXFO, which holds 33.1% of Astellia's equity, filed a voluntary public tender offer for the company's remaining equity.
  • The offer will be proposed at a price of 10 euros per Astellia share.
  • The independent expert confirmed the fairness of the offer.
  • Astellia’s Board of Directors recommended the offer and considered that the offer is in the interests of the company, its shareholders and its employees.

Following the off-market acquisitions of 33.1% of Astellia's equity ("Astellia") (ISIN code: FR0004176535 – mnemonic: ALAST), EXFO Inc. (“EXFO”) (NASDAQ: EXFO, TSX: EXF) launched today an all-cash voluntary public tender offer to acquire all of the outstanding shares of Astellia.

This offer will be proposed at a price of 10 euros per Astellia share, the same amount that was paid by EXFO for the off-market acquisitions. The price of 10 euros per share represents a 44.7% premium over the unaffected closing share price of Astellia on August 30, 2017, the day before the intention of EXFO to acquire Astellia was announced, and a 56.7% premium over the volume-weighted average share price over the last 12 months before this date.

Sign In





View More...