Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. EXFO Inc.
  6. News
  7. Summary
    EXF   CA3020461073

EXFO INC.

(EXF)
  Report
SummaryQuotesChartsNewsRatingsCompanyFinancials 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

EXFO : Announces Receipt of Final Court Approval

08/20/2021 | 05:01pm EST

QUEBEC CITY, Aug. 20, 2021 /CNW Telbec/ - EXFO Inc. ("EXFO" or the "Corporation") (NASDAQ: EXFO) (TSX: EXF) is pleased to announce that the Superior Court of Québec has issued a final order approving the previously announced plan of arrangement with 11172239 Canada Inc. (the "Arrangement"). At the special meeting of EXFO's shareholders held on August 13, 2021, the special resolution approving the arrangement resolution was approved by 99.65% of the votes cast by shareholders, voting together as a single class, as well as 90.95% of the votes cast by holders of subordinate voting shares, excluding votes attached to the subordinate voting shares held, directly or indirectly, by Germain Lamonde and Philippe Morin.

The Arrangement is expected to be completed on or about August 27, 2021, subject to the satisfaction or waiver of customary closing conditions.

Further information regarding the Arrangement is provided in the management information circular dated July 15, 2021.

Caution Regarding Forward-looking Statements

This press release contains forward-looking statements within the meaning of Canadian securities laws. In addition, this press release also contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, and we intend that such forward-looking statements be subject to the safe harbors created thereby. Forward-looking statements are statements other than historical information or statements of current condition. Words such as may, expect, believe, plan, anticipate, intend, could, estimate, continue, or similar expressions or the negative of such expressions are intended to identify forward-looking statements. These statements are based on certain assumptions deemed reasonable by EXFO, but are subject to certain risks and uncertainties, several of which are outside the control of EXFO, which may cause results to vary materially. Such risks and uncertainties include, but are not limited to the following: the possibility that various closing conditions for the transaction may not be satisfied or waived and other risks and uncertainties discussed in documents filed with the U.S. Securities and Exchange Commission. EXFO disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by securities laws.

About EXFO

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.

EXFO-C

Cision
View original content:https://www.prnewswire.com/news-releases/exfo-announces-receipt-of-final-court-approval-301359975.html

SOURCE EXFO Inc.

© Canada Newswire, source Canada Newswire English

All news about EXFO INC.
09/03TITLE : General Counsel and Corporate Secretary (Form 6-K)
PU
09/02EXFO ( “” OR “EXFO : EXFO Inc. (the “Corporation” or “..
PU
09/02EXFO : Completes Going-Private Transaction and Begins Delisting of Shares from TSX and NAS..
AQ
09/01EXFO : Completes Going-Private Transaction and Begins Delisting of Shares from TSX and NAS..
PU
08/27EXFO : Completes Going-Private Transaction and Begins Delisting of Shares from TSX and NAS..
PU
08/27EXFO : Reports Completion of Going-Private Transaction
MT
08/27EXFO : Completes Going-Private Transaction and Begins Delisting of Shares from TSX and NAS..
AQ
08/27EXFO Inc.'s Equity Buyback announced on January 12, 2021, has expired.
CI
08/2711172239 Canada Inc completed the acquisition of 38.5% stake in EXFO Inc..
CI
08/27EXFO INC.(NASDAQGS : EXFO) dropped from NASDAQ Telecom Index
CI
More news
Analyst Recommendations on EXFO INC.
More recommendations
Financials (USD)
Sales 2020 266 M - -
Net income 2020 -9,54 M - -
Net Debt 2020 13,8 M - -
P/E ratio 2020 -27,4x
Yield 2020 -
Capitalization 356 M 355 M -
EV / Sales 2019 0,67x
EV / Sales 2020 0,81x
Nbr of Employees 1 814
Free-Float 24,4%
Chart EXFO INC.
Duration : Period :
EXFO Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Philippe Morin Chief Executive Officer & Director
Germain Lamonde Executive Chairman
Pierre Plamondon Chief Financial Officer & Vice President-Finance
Stephen Bull Vice President-Research & Development
Gabriel Duford Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
EXFO INC.79.84%355
SMC CORPORATION16.87%43 038
COGNEX CORPORATION-6.66%13 249
SHIMADZU CORPORATION19.45%12 496
WUHAN GUIDE INFRARED CO., LTD.-18.88%8 914
MKS INSTRUMENTS, INC.2.94%8 589