Sandvine accepts CAD 562 mln bid from Francisco, Procera

Monday 17 July 2017 | 18:06 CET | News
Sandvine said it has terminated its agreement with Scalar, which made an offer for the company at CAD 4.15, and cut a new deal with Procera and PNI Acquireco, which will together pay CAD 4.40 per share. The price values Sandvine at CAD 562 million and represents a 40 percent premium to Sandvine's closing price on 26 May, before bidding started for the company. Sandvine will be combined with Procera, and led by Procera CEO Lyndon Cantor, together with Procera CFO Richard Deggs. The new company will retain the Sandvine name; it will serve over 400 communications service provider customers, with

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Sandvine
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Procera closes acquisition of Sandvine

Published 25 Sep 2017 10:43 CET | World
Procera Networks said it has completed its acquisition of Sandvine. The new, combined, company will operate under the Sandvine ...

Sandvine shareholders vote for Procera, PNI acquisition

Published 08 Sep 2017 10:09 CET | World
Sandvine shareholders have voted in favour of the company's acquisition bid by Francisco's PNI Acquireco and Procera for CAD 4.40 ...

Sandvine moves closer to acquisition by Procera, PNI

Published 29 Aug 2017 12:18 CET | World
Sandvine said that two independent proxy advisory firms, Institutional Shareholder Services and Glass, Lewis & Co, have both ...

Omzet- en winstdaling voor Sandvine in Q2

Published 17 Jul 2017 20:50 CET | Canada
Sandvine heeft over het tweede kwartaal van dit jaar een omzet gerealiseerd van 27,5 miljoen dollar, een daling van 18 procent op ...

Sandvine wants Vector, even as Francisco ups stakes

Published 10 Jul 2017 09:02 CET | World
Sandvine said it has received a last takeover offer from PNI Canada Acquireco, an affiliate of Francisco Partners, at CAD 4.40 ...

Market share Masmovil mobile sims
Spain  |  2017 Q4