Cable & Telecom

EXFO’s Lamonde increases going-private purchase offer to US$6.25 per share

QUEBEC CITY — Telecom testing and monitoring solution provider EXFO Inc. announced today its founder and controlling shareholder, Germain Lamonde, has increased the per-share purchase price he is prepared to pay to take the company private to US$6.25. The increase of 25 cents per share on his original offer of US$6 made in June comes after U.S. competitor Viavi Solutions last week publicly urged EXFO’s shareholders to reject Lamonde’s offer. Viavi is looking to buy EXFO itself and increased its own acquisition offer to US$8 per share in July from the US$7.50 it offered in June. In a press release...