{"id":517536,"date":"2021-07-26T09:18:16","date_gmt":"2021-07-26T13:18:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/viavi-urges-exfo-special-committee-to-uphold-their-fiduciary-duty-to-maximize-value-for-all-shareholders\/"},"modified":"2021-07-26T09:18:16","modified_gmt":"2021-07-26T13:18:16","slug":"viavi-urges-exfo-special-committee-to-uphold-their-fiduciary-duty-to-maximize-value-for-all-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/viavi-urges-exfo-special-committee-to-uphold-their-fiduciary-duty-to-maximize-value-for-all-shareholders\/","title":{"rendered":"VIAVI Urges EXFO Special Committee to Uphold Their Fiduciary Duty to Maximize Value for All Shareholders"},"content":{"rendered":"
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– On July 20, 2021, VIAVI increased its already-superior proposal to acquire EXFO for US$8.00 in cash per share<\/h2>\n

– By rejecting VIAVI’s US$8.00 per share superior binding proposal, Germain Lamonde and the EXFO Special Committee are unfairly depriving minority shareholders of consideration of US$2.00 per share or 33.3% higher than Mr. Lamonde’s Going Private Transaction<\/h2>\n

– EXFO’s recently announced strong fiscal third quarter 2021 financial results and future prospects further underpin the inadequate valuation of Mr. Lamonde’s Going Private Transaction<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SCOTTSDALE, Ariz.<\/span>, July 26, 2021<\/span> \/PRNewswire\/ —\u00a0Viavi Solutions Inc.<\/a> (“VIAVI”) (NASDAQ: VIAV) is once again extremely disappointed that Germain Lamonde<\/span>, EXFO Inc.’s (TSX: EXF) (NASDAQ: EXFO) (“EXFO”) Chairman and majority shareholder, and the EXFO Special Committee have rejected our increased binding proposal (the “Binding Proposal”) to acquire EXFO for US$8.00<\/span> in cash per share. VIAVI’s increased Binding Proposal represents a significant premium of:<\/p>\n

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