Business
Evertz Technologies Limited Delivers Expression of Interest to Acquire Haivision Systems Inc.
Burlington, Ontario--(Newsfile Corp. - March 6, 2023) - Evertz Technologies Limited (TSX: ET) ("E...
About this update from Evertz Technologies Limited
[{"type":"text","content":"Evertz Technologies Limited Delivers Expression of Interest to Acquire Haivision Systems Inc.Burlington, Ontario--(Newsfile Corp. - March 6, 2023) - Evertz Technologies Limited (TSX: ET) (\"Evertz\") announces that it has delivered an expression of interest letter to the President, CEO and Chairman of Haivision Systems Inc. (\"Haivision\") on March 6, 2023 outlining a proposal to acquire all of the issued and outstanding common shares of Haivision for $4.50 per share. The non-binding expression of interest contemplates a negotiated transaction whereby Evertz would acquire all of the outstanding shares of Haivision. Any formal, binding offer would be subject to completion of due diligence procedures by Evertz. Reader AdvisoriesThis communication does not constitute a proxy statement or solicitation of a proxy, an offer to buy or solicitation of an offer to buy any securities. Such an offer may only be made pursuant to offer and take-over bid circular filed with the securities regulatory authorities in Canada. This communication relates solely to a non-binding expression of interest that Evertz has made for a negotiated transaction with Haivision. About EvertzEvertz designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company's solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, and high and ultra-high definition television (\"HDTV\" and \"UHD\") and next generation high bandwidth low latency IP network environments and by telecommunications and new-media companies. The Company's products allow its customers to generate additional revenue while reducing costs through efficient signal routing, distribution, monitoring and management of content as well as the automation and orchestration of more streamlined and agile workflow processes on premise and in the \"Cloud\".Forward-Looking StatementsThis press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking statements are statements that are not historical facts and may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect...