INDUSTRY NEWS
EXFO Shareholders Approve Go-Private Arrangement
DZS Expands Collaboration with Broadcom
Optical, mobile and broadband solutions
EXFO says that, at the special meeting of its shareholders held on 13th August, a significant majority of shareholders voted in favour of the special resolution approving the previously announced Go-Private plan under Section 192 of the Canada Business Corporations Act pursuant to which 11172239 Canada Inc. will acquire all the issued and outstanding subordinate voting shares of EXFO, other than the subordinate voting shares held by founder and executive chairman Germain Lamonde, for US$6.25 per subordinate voting share in cash. Shareholders carrying an
aggregate of 333,666,141 votes, representing approximately 97.49% of votes entitled to be cast at the Meeting, were represented in person or by proxy at the meeting. The Arrangement Resolution was approved by 99.65%
centralised or distributed networks with state-of-the- art orchestration and network automation for software- centric services and network virtualisation. Broadcom’s broadband access technology currently underpins DZS Velocity solutions, including the recently announced XCelerate by DZS XGS-PON solutions, as well as DZS Helix connected premises solutions in ONT fibre termination point and home Wi-Fi products. At the same time as the announcement, DZS said Misty Kawecki has been appointed as chief financial officer, effective immediately. She succeeds Tom Cancro, who served as CFO since 2019.
provider DZS has expanded collaboration with Broadcom to advance open standards and bring to market next- generation high-speed optical broadband and PON technology. DZS says Broadcom’s scalable semiconductor devices provides performance, capacity and flexibility for many DZS optical and copper-based products. Integrated with the DZS SDN-enabled Network Operating System (sdNOS) for network-based products, and supported by the DZS Cloud Portfolio, Broadcom technology enables DZS’ service provider customers to implement ultra-performance
of the votes cast by shareholders, voting
together as a single class, as well as 90.95% of the votes cast by the holders of subordinate voting shares, excluding the votes attached to the Excluded Shares. The Arrangement remains subject to customary closing conditions including the approval of the Superior Court of Québec.
www.opticalconnectionsnews.com
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ISSUE 25 | Q3 2021
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