Haivision rejects revised non-binding expression of interest
MONTREAL, April 15, 2023 PRNewswire – Haivision Systems Inc. (TSX:HAI) announced that its Board of Directors (the “Board”) unanimously decided that the revised, non-binding unsolicited expression of interest from Evertz Technologies Limited received on April 14, 2023 Haivision’s stakeholders and the company as a whole are not served by this decision. Haivision should instead remain focused on its growth strategy and business plan.
The revised non-binding statement of interest details a proposal for the acquisition of Haivision. $4.75 per share in cash. On, March 23, 2023Haivision announced on Monday that its Board unanimously agreed that Evertz Technologies Limited’s initial non-binding Expression of Interest, describing a proposal to purchase Haivision for $4.50 Haivision, and its stakeholders, did not have the best interest of each share.
Forward-looking Statements
This release could include “forwardlooking information” or “forwardlooking statements” within the meanings of applicable securities law. Some forward-looking statement terminology, such as “plans”, targets”, expects or does not expect, “is anticipated”, is positioned”, estimates, “intends”, assumes, anticipates or does not anticipate, or “believes” can be used. Other variations include statements that state certain actions, results or events “may”, could”, would”, be “taken”, be “attained” or be “occurred”. All statements that include projections, expectations or other descriptions of future events and circumstances are forward-looking. These forward-looking statements do not represent historical facts or guarantees of future performance, but rather the current management’s beliefs, expectations and estimates about future events and operational performance.
These forward-looking estimates and opinions are based upon Haivision’s current opinion, and are subjected to uncertainties, risks, and other changes that may cause the actual results to differ from what is projected. The following factors could lead to actual results differing, potentially materially, from the forward-looking statement: the risks identified in “Risk factors” of the Company’s most recent annual information form and other periodic filings the Company may make with securities commissions and similar regulatory authorities. CanadaThe Company’s profile on SEDAR can be found at www.sedar.com. These factors do not represent an exhaustive list of factors that may affect Haivision. Nevertheless, these risk factors must be carefully considered. No assurance can be given that these assumptions and estimates will be accurate. Forward-looking statements are only valid as of the date this release. Haivision does not have to update any forward looking statement publicly, unless required by securities laws.
Haivision
Haivision, a global leader in mission-critical video streaming and collaboration solutions for visual communication, is a provider of real-time solution that helps organizations to engage audiences. Our intelligent edge and connected cloud technologies allow organizations to engage audiences globally, improve collaboration and support decision-making. We deliver high-quality, low-latency, reliable, secure and safe live video on a global basis. Haivision opened sourced its award winning SRT low-latency video streaming protocol, and formed the SRT Alliance in order to promote its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Haivision was founded in 2004 and is headquartered in Montreal You can also find out more about the following: Chicago Sales, support, and offices are located in all of the Americas. Europe. Asia. Find out more about haivision.com.
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Haivision Systems Inc.