Quantcast

Sandvine accepts C$562 mln offer from Francisco, Procera


Reuters

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.
[nCNW3gKcda][nCNWGW4f4a]
     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
D'Silva)
 ((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))

Keywords: SANDVINE M&A/FRANCISCOPARTNERS (URGENT)



This article appears in: Politics , World Markets , Stocks


More from Reuters

Subscribe






See Reuters News









Research Brokers before you trade

Want to trade FX?