EXFO Completes Going-Private Transaction

Choate represented EXFO in 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.