Sandvine Announces Receipt of Acquisition Proposal from Francisco Partners
WATERLOO, ON, June 27, 2017 - Sandvine Corporation ("Sandvine" or the "Company") (TSX: SVC), announced today that it has received a binding offer from an affiliate of Francisco Partners (the "New Offeror"), pursuant to which the New Offeror, has offered to acquire all of the issued and outstanding common shares of the Company by way of plan of arrangement for cash consideration of CAD$4.15 per share (the "New Offer").
The New Offer was solicited by the Company during the "go-shop" period permitted under its agreement with Scalar Acquireco Corp. ("Scalar"), an affiliate of Vector Capital ("Vector").
- Published: 28 June 2017
- Written by Editor