Frontier Networks Makes Counter Bid for Radiant

Radiant Communications Corp., a Vancouver-based provider of managed network and cloud hosting solutions, has received a second take-private offer from Frontier Networks Inc., a custom data and networking programs company based in Toronto. The bid follows one made by Canadian private equity firms Maxam Capital Corp. and PenderFund Capital Management. That deal, which involves shares not already owned by Maxam and Pender, provides consideration to minority shareholders of approximately C$4.5 million and implies an equity value for the company of approximately C$12.9 million.

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