Sandvine accepts C$562 mln offer from Francisco, Procera


July 17 (Reuters) - Sandvine Corp <SVC.TO> said on Monday it
had terminated a deal with Vector Capital and accepted a higher
offer from a unit of private equity firm Francisco Partners and
Procera Networks Inc, valuing the network equipment maker at
about C$562 million.
    Francisco and networking equipment maker Procera will pay
C$4.40 per Sandvine share.
    Sandvine will be merged with Procera, whose Chief Executive
Lyndon Cantor will lead the combined entity.
     Earlier in the month, Sandvine had accepted an amended
offer from Vector Capital unit Scalar Acquireco Corp for C$4.15
per share, valuing Sandvine at about C$529 million. [nCNWPllY6a]

 (Reporting by Anirban Paul in Bengaluru; Editing by Anil
 ((Anirban.Paul@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6749 9575; Reuters Messaging: Reuters
Messaging: anirban.paul.thomsonreuters.com@reuters.net))


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