Benzinga | Jun 17, 2021 01:13PM EDT

Viavi Issues Response Following EXFO Comments: Reiterates Proposal To Co. Board

Viavi Solutions Inc. ("VIAVI") today issued the following statement:



"We are extremely disappointed that, without engaging with us, Mr. Lamonde and the EXFO Special Committee quickly rejected our superior proposal (our "Proposal") to acquire EXFO Inc. (TSX:EXF) (NASDAQ:EXFO) ("EXFO") for US$7.50 per share, all-cash.

We reiterate our Proposal to the EXFO Board, which we continue to believe offers compelling value to EXFO shareholders, including Mr. Lamonde, and is in the best interest of all EXFO stakeholders.

VIAVI stands ready to engage with Mr. Lamonde and the EXFO Special Committee in order to reach a definitive agreement to implement a transaction."