CA - Haivision Systems rejects unsolicited sweetened offer from Evertz Technologies
2023-04-16 11:32:40 ET
- Haivision Systems ( OTCPK:HAIVF ) rejected an unsolicited non-binding indication of interest from Evertz Technologies ( OTCPK:EVTZF ).
- Haivision ( OTCPK:HAIVF ) said it's board rejected the offer because it wasn't in the best interests of the company and its holders and that Haivision will remain focused on executing its business plan and growth strategy, according to a statement on Saturday.
- The rejection comes after Evertz ( OTCPK:EVTZF ) on Friday disclosed an in creased C$4.75 a share all cash expression of interest for Haivision ( OTCPK:HAIVF ), which was an increase from a C$4.50 offer it made last month , which was also rejected.
- Haivision( OTCPK:HAIVF ) shares gained 6% on Friday on news of the increased offer after skyrocketing 20% on March 7, after the originally proposal was disclosed. The C$4.75 offer represents a 28% premium to the Haivision's share price before the original offer was disclosed.
For further details see:
Haivision Systems rejects unsolicited sweetened offer from Evertz Technologies