EXFO fends off yet another bid from Viavi

At the start of June, network testing equipment company EXFO’s founder and chairman, Germain Lamonde, announced his intentions to take the company private. Lamonde currently owns, both directly and indirectly, a 61.46% stake in the business and made an offer to shareholders for the remain equity at the price of $6 per share, a 63% premium on the company’s averaged stock value. Just days after this news was announced, rival testing company Viavi Solutions smelled an opportunity,