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    EXF   CA3020461073

EXFO INC.

(EXF)
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Exfo : founder raises offer to take company private to US$6.25 per share

08/09/2021 | 09:32am EST

QUEBEC — The founder and majority shareholder of Exfo Inc. has raised his offer to take the company private ahead of a shareholder vote this week.

Exfo says Germain Lamonde is now offering US$6.25 per share, up from an earlier proposal of US$6 per share.

The company also says it and Lamonde have secured the support of minority shareholders holding 14.75 per cent of its issued and outstanding subordinate voting shares, other than those held directly or indirectly by Germain Lamonde and Philippe Morin.

A special meeting of shareholders to vote on the offer is set for Friday.

Last week, proxy advisory firm Glass Lewis said minority shareholders should vote against the deal, however Institutional Shareholder Services has recommended shareholders accept the offer.

Shares in Exfo, which makes test, monitoring and analytics equipment for the communications industry, closed at C$7.14 on the Toronto Stock Exchange on Friday.

This report by The Canadian Press was first published Aug. 9, 2021.

Companies in this story: (TSX:EXF)

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

All news about EXFO INC.
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Analyst Recommendations on EXFO INC.
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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.
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EXFO Inc. Technical Analysis Chart | MarketScreener
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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
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