Radiant Agrees to Go Private - Again

Radiant Communications Corp. (TSX-V: RCN), a Vancouver-based provider of managed network and cloud hosting solutions, has agreed to a going-private transaction involving an affiliate of Comwave Networks Inc. The deal, which implies an equity value for Radiant of approximately $25.3 million, has been approved by the company's board of directors, and will be submitted to a vote by shareholders in October. Earlier this year, Radiant agreed to be taken private by affiliates of existing private equity investors Maxam Capital Corp. and PenderFund Capital Management, however, this transaction was subsequently terminated.

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