Sandvine accepts $562 mln offer from Francisco, Procera: Reuters
Sandvine Corp said it had terminated a deal with U.S. private equity firm Vector Capital and accepted a higher offer from a unit of Francisco Partners and Procera Networks Inc, valuing the Canadian network equipment maker at about $562 million, Reuters reported. U.S. private equity firm Francisco and Procera, a Fremont, California-based networking equipment maker, will pay $4.40 per Sandvine share. Sandvine will be merged with Procera, whose Chief Executive Lyndon Cantor will lead the combined entity. Earlier this month, Sandvine had accepted an amended offer from Vector Capital's unit, Scalar Acquireco Corp, for $4.15 per share, valuing Sandvine at about $529 million.
17 July 2017•2 mins read
