Cable & Telecom

EXFO shareholders vote in favour of founder Lamonde’s going-private purchase offer

QUEBEC CITY – EXFO Inc., announced today a “significant majority” of its shareholders voted in favour of company founder and controlling shareholder Germain Lamonde taking the company private. EXFO, a telecom testing and monitoring solution provider, held a special meeting of its shareholders today where they accepted Lamonde’s offer of US$6.25 per subordinate voting share in cash. As per the arrangement, a company controlled by Lamonde “will acquire all the issued and outstanding voting shares of EXFO, other than the subordinating voting shares held by Germain Lamonde, G. Lamonde Investissements Inc., 9356-8988 Québec Inc., and Philippe Morin,” according to a press...