Infinova to Acquire March Networks for $88.2 Million

March Networks, a global provider of intelligent IP video solutions, announced that it has entered into a definitive agreement (the "Arrangement Agreement") with Infinova (Canada) and Shenzhen Infinova., a company listed on the Shenzhen Stock Exchange, majority owned by U.S. shareholders and with U.S. headquarters in Monmouth Junction, N.J. Pursuant to the Arrangement Agreement, Infinova will acquire, through a statutory plan of arrangement, all of the issued and outstanding common shares of March Networks Corporation for $4.89 per share in cash (the "Arrangement"). The total value of the transaction is approximately $88.2 million. The Arrangement is subject to approvals by the shareholders of March Networks and Shenzhen Infinova, approvals of applicable regulatory bodies and the Ontario court, and other customary closing conditions. Read more