Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

VIAVI SOLUTIONS INC.

(VIAV)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Viavi : Solution makes takeover offer for Exfo, but founder Germain Lamonde says no

06/16/2021 | 04:09pm EDT

QUEBECViavi Solutions Inc. says it has made a takeover offer for Quebec-based Exfo Inc. that values the maker of test, monitoring and analytics equipment for the communications industry at US$430 million.

However, Exfo founder and majority shareholder Germain Lamonde, who has made his own offer to take the company private, said he will not support the bid by the U.S. firm.

Under its proposal, Viavi is offering US$7.50 per share, topping Lamonde's offer of US$6 per subordinate voting share.

Viavi, which also makes test equipment for the communications industry, says the combination of the companies has clear strategic merits.

However, in a statement Wednesday, Lamonde, who also serves as Exfo's executive chairman, said his shares are not for sale.

Lamonde holds 14.22 per cent of Exfo's subordinate-voting shares and all of the company's multiple-voting shares for a total of 61.5 per cent of the company's shares and 93.5 per cent of the voting rights.

This report by The Canadian Press was first published June 16, 2021.

Companies in this story: (TSX:EXF)

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
EXFO INC. -2.52% 6.96 Delayed Quote.64.52%
VIAVI SOLUTIONS INC. 1.88% 16.785 Delayed Quote.10.05%
All news about VIAVI SOLUTIONS INC.
09:16aEXFO : VIAVI Thanks EXFO Minority Shareholders for Strong Support; Outlines Opti..
AQ
07/26EXFO : Viavi Solutions Digs in Heels After EXFO's Latest Takeover Rebuff
MT
07/26EXFO BRIEF : VIAVI Urges EXFO Special Committee to Uphold Their Fiduciary Duty t..
MT
07/26EXFO : VIAVI Urges EXFO Special Committee to Uphold Their Fiduciary Duty to Maxi..
AQ
07/22EXFO : clarifies the situation about the recent unsolicited non-binding proposal..
AQ
07/22EXFO : board won't pursue rival bid after founder insists on his take-private of..
AQ
07/22EXFO : Board Again Turns Down Viavi's Takeover Proposal Despite Higher Offer, Ci..
MT
07/22EXFO BRIEF : Clarifies Situation About the Recent Unsolicited Non-binding Propos..
MT
07/22VIAVI : Germain Lamonde Rejects Fourth Unsolicited, Non-Binding Proposal From Vi..
AQ
07/21NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
More news
Financials (USD)
Sales 2021 1 189 M - -
Net income 2021 66,2 M - -
Net cash 2021 85,3 M - -
P/E ratio 2021 58,9x
Yield 2021 -
Capitalization 3 768 M 3 768 M -
EV / Sales 2021 3,10x
EV / Sales 2022 2,80x
Nbr of Employees 3 600
Free-Float 99,1%
Chart VIAVI SOLUTIONS INC.
Duration : Period :
Viavi Solutions Inc. Technical Analysis Chart | VIAV | US9255501051 | MarketScreener
Technical analysis trends VIAVI SOLUTIONS INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 16,48 $
Average target price 19,80 $
Spread / Average Target 20,1%
EPS Revisions
Managers and Directors
Oleg Khaykin President, Chief Executive Officer & Director
Hendrikus Petrus Cornelis Derksen Chief Financial Officer & Executive Vice President
Richard E. Belluzzo Chairman
Ralph Rondinone Senior Vice President-Global Operations & Services
Masood A. Jabbar Independent Director
Sector and Competitors
1st jan.Capi. (M$)
VIAVI SOLUTIONS INC.10.05%3 768
CISCO SYSTEMS, INC.22.39%230 812
ERICSSON1.88%38 440
MOTOROLA SOLUTIONS, INC.30.24%37 578
FOXCONN INDUSTRIAL INTERNET CO., LTD.-19.72%33 668
NOKIA OYJ56.95%32 937