Choate and Fasken Martineau DuMoulin LLP represented EXFO in the transaction.
EXFO completed its going-private transaction and delisting of shares from the Toronto Stock Exchange and NASDAQ. 1172239 Canada Inc., a corporation controlled by Germain Lamonde (the “Purchaser”), EXFO’s founder and majority shareholder, acquired all issued and outstanding subordinate voting shares of EXFO, other than the subordinate voting shares held by the Purchaser, for US $6.25 per subordinate voting share in cash. As a result of the transaction, the subordinate voting shares of EXFO will be voluntarily and imminently de-listed from the Toronto Stock Exchange and the NASDAQ.
EXFO develops smarter test, monitoring, and analytics solutions for fixed and mobile network operators, webscale companies, and equipment manufacturers in the global communications industry.
The Choate’s team included Daniel P. Riley, Partner (Picture), Paige L. Marshall, Associate, Michael J. Foley, Jr., Associate, Louis J. Marett, Practice Group Leader – Tax, Kevin M. Sarro, Senior Associate.
The Fasken team included Peter Villani, Monica Dingle, Oleg Stratiev, Alain Riendeau, Brandon Farber, Andrew Haikal, Guillaume Saliah and Anthony Russo.
Involved fees earner: Michael Foley, Jr. – Choate; Louis Marett – Choate; Paige Marshall – Choate; Daniel Riley – Choate; Kevin Sarro – Choate; Monica Dingle – Fasken Martineau; Brandon Farber – Fasken Martineau; Andrew Haikal – Fasken Martineau; Alain Riendeau – Fasken Martineau; Guillaume Saliah – Fasken Martineau; Oleg Stratiev – Fasken Martineau; Peter Villani – Fasken Martineau;
Clients: EXFO Inc.;