Sandvine, Procera to merge in C$562m deal

Network policy control solutions provider Sandvine has entered into an arrangement agreement with PNI Canada Acquireco Corp, an affiliate of Francisco Partners and subscriber and network intelligence provider Procera Networks which will see PNI acquire all of the issued and outstanding common shares of Sandvine by way of plan of arrangement for cash consideration of C$4.40 (€3.02) per share, with Sandvine then to be combined with Procera. The price per share implies an aggregate fully-diluted equity value for Sandvine of approximately C$562 million.

Source: Sandvine, Procera to merge in C$562m deal |