EXFO Inc., announces today that the Corporation has filed an amendment to its previously filed Rule 13e-3 transaction statement on Schedule 13E-3 (the “Schedule 13E-3“) originally filed with the U.S. Securities and Exchange Commission (“SEC“) on July 16, 2021. The amendment to the Schedule 13E-3 is available on EXFO’s profile on EDGAR at www.sec.gov.
The SEC requested that the Company provide certain additional disclosure regarding the previously announced going private transaction (the “Transaction“), pursuant to which 11172239 Canada Inc. (the “Purchaser“) will acquire all the issued and outstanding subordinate voting shares of EXFO, other than the subordinate voting shares held by Germain Lamonde and Philippe Morin.
Other than the increase of the consideration from US $6.00 to US $6.25, no changes have been made to the terms or conditions of the Transaction, or the date of the special meeting of EXFO shareholders called to vote on a plan of arrangement approving the Transaction.
No Offer or Solicitation
This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell EXFO subordinate voting shares.
The full details of the Transaction are described in the management proxy solicitation circular (including the related letter of transmittal and all other offer documents filed by EXFO with the SEC), which is available without charge on the SEC’s website at www.sec.gov or by calling EXFO’s Corporate Secretary at (418) 683-0913, Ext. 23704. Offer documents required to be filed in Canada are also available without charge at www.sedar.com. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE SCHEDULE 13E-3 AND OTHER MATERIALS FILED WITH THE SEC, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE CORPORATION, THE TRANSACTION, AND RELATED MATTERS.
EXFO develops smarter test, monitoring and analytics solutions for fixed and mobile network operators, webscale companies and equipment manufacturers in the global communications industry. Our customers count on us to deliver superior network performance, service reliability and subscriber insights. They count on our unique blend of equipment, software and services to accelerate digital transformations related to fiber, 4G/LTE and 5G deployments. They count on our expertise with automation, real-time troubleshooting and big data analytics, which are critical to their business performance. We’ve spent over 30 years earning this trust, and today 1,900 EXFO employees in over 25 countries work side by side with our customers in the lab, field, data center and beyond.