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EXFO Acquiring Assets of gnubi Communications

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QUEBEC CITY, Sept. 6 -- EXFO Electro-Optical Engineering Inc. has signed an agreement to purchase substantially all the assets of gnubi communications LP, including its technology, expertise, customer base and inventories, in a stock-and-cash deal. Consideration paid consists of $2.5 million in EXFO stock, $1.8 million in cash and a cash earn-out based on sales volume. The deal is expected to be neutral on a pro forma earnings per share basis in fiscal year 2003. gnubi, a privately held company in Dallas, Texas, is a supplier of multichannel telecom and datacom testing. "By significantly...Read full article

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    Published: September 2002
    CommunicationsNews & Features

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