- Exfo’s public cash tender offer, announced on 30 August 2017, received the support of Astellia’s shareholders.
- Exfo acquired 82.7% of the shares of Astellia, a French specialist in the analysis of mobile network performance and subscriber experience.
- That brings Canadian company’s participation to 88.4% of Astellia’s share capital. .
- The securities settlement will take place on February 5, 2018.
In accordance with the provisions of Article 232-4 of the AMF General Regulation, the offer will be reopened during 10 trading days starting early February 2018, according to a schedule that will be published soon by the AMF.
The offer, which will remain unchanged at a price of 10€ per Astellia share, represents a 44.7% premium over Astellia’s closing share price on August 30, 2017, before the off-market acquisition was announced, and a 56.7% premium based on the 12-month volume weighted average price.
Astellia’s Board of Directors will be modified in order to acknowledge the new shareholding structure of the company.
If upon completion of the reopened offer, the minority shareholders do not represent more than 5% of the share capital or the voting rights of Astellia, Exfo intends to implement a mandatory squeeze-out for the remaining shares.
Founded in 2000, following the merger of Edixia Telecom Technologies and Qositel, Astellia specializes in analysing mobile network performance and subscriber experience, enabling mobile operators to increase the efficiency of their infrastructures, improve service quality, reduce the risk of customer loss and increase revenues. Astellia’s real-time monitoring and troubleshooting solutions cover all end-to-end networks from radio access to the heart of the network. Through its products and services, Astellia provides solutions for automated and geolocation optimization of networks as well as Big Data data analysis. Astellia optimizes every link in the mobile operators’ value chain: network operations, customer service, service center and marketing. Astellia collaborates with more than 120 operators worldwide. Headquartered in France, Astellia has major operations in Spain and is also present in Canada, Lebanon, Morocco and South Africa.
Since 1985, Exfo has been providing network data testing, monitoring and analysis solutions to communications service providers, network equipment manufacturers and Web services providers to provide appropriate technologies at every stage of the network lifecycle.