Viavi Solutions Inc. issued the following statement:
“We are extremely disappointed that, without engaging with us, Mr. Lamonde and the EXFO Special Committee quickly rejected our superior proposal (our “Proposal”) to acquire EXFO Inc. for US$7.50 per share, all-cash.
We reiterate our Proposal to the EXFO Board, which we continue to believe offers compelling value to EXFO shareholders, including Mr. Lamonde, and is in the best interest of all EXFO stakeholders.
VIAVI stands ready to engage with Mr. Lamonde and the EXFO Special Committee in order to reach a definitive agreement to implement a transaction.”
About VIAVI Solutions
VIAVI is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications. Learn more about VIAVI at www.viavisolutions.com