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VIAV - Viavi: Upside Potential Intact With Or Without EXFO
July, 06 2021 01:16 PM
Viavi Solutions Inc.
Viavi has disclosed a proposal to acquire EXFO for $7.50 per share in an all-cash deal. The deal represents a c. 25% premium to EXFO's initial $6/share take-private offer by the majority shareholder. Cost synergies alone should drive significant accretion potential, justifying the premium. While a deal seems unlikely considering the opposition by Mr. Lamonde, I see upside in the shares amid secular 5G tailwinds. For further details see:
Viavi: Upside Potential Intact With Or Without EXFO
Stock Information
Company Name:
Viavi Solutions Inc.
Stock Symbol:
VIAV
Market:
NASDAQ
Website:
viavisolutions.com
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