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QUEBEC CITY , June 17, 2021 /PRNewswire/ – The Board of Directors of EXFO Inc. (NASDAQ: EXFO; TSX: EXF) (“EXFO” or the “Corporation”) wishes, after careful consideration with the assistance of its independent financial and legal advisors and acting on the unanimous recommendation of the special committee of the Board of Directors comprised entirely of independent directors (the “Special Committee”), to clarify the situation for shareholders and other stakeholders about the unsolicited non-binding proposal (the “Proposal”) made by Viavi Solutions Inc. In a going-private transaction announcement on June 7, 2021 and as reiterated on June 16, 2021 in a press release, Mr. Lamonde (the “Controlling Shareholder”) who controls, directly or indirectly, 61.46% of the issued and outstanding shares of EXFO and 93.53% of the voting rights attached to all the issued and outstanding shares of EXFO, indicated to EXFO’s Board of Directors that he would not consider any alternative change of control transaction.
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