MONTREAL, April 15,
2023 /CNW/ - Haivision Systems Inc. ("Haivision" or
the "Company") (TSX: HAI) announces that its board of directors
(the "Board") has unanimously determined that the unsolicited,
revised non-binding expression of interest received from Evertz
Technologies Limited on April 14,
2023 is not in the best interests of Haivision and its
stakeholders, and that Haivision should remain focused on executing
its business plan and growth strategy.
The revised non-binding expression of interest outlines a
proposal to acquire Haivision for $4.75 per share in cash. On March 23, 2023, Haivision announced that its
Board had unanimously determined that the initial non-binding
expression of interest received from Evertz Technologies Limited,
outlining a proposal to acquire Haivision for $4.50 per share in cash, was not in the best
interests of Haivision and its stakeholders.
Forward-Looking
Statements
This release may include "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of applicable securities laws. In
some cases, but not necessarily in all cases, forward-looking
statements can be identified by the use of forward-looking
terminology such as "plans", "targets", "expects" or "does not
expect", "is expected", "an opportunity exists", "is positioned",
"estimates", "intends", "assumes", "anticipates" or "does not
anticipate" or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might", "will" or "will be taken", "occur" or "be
achieved". In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances contain forward-looking statements. Forward-looking
statements are not historical facts, nor guarantees or assurances
of future performance but instead represent management's current
beliefs, expectations, estimates and projections regarding future
events and operating performance.
Forward-looking statements are necessarily based on opinions,
assumptions and estimates that, while considered reasonable by
Haivision as of the date of this release, are subject to inherent
uncertainties, risks and changes in circumstances that may differ
materially from those contemplated by the forward-looking
statements. Important factors that could cause actual results to
differ, possibly materially, from those indicated by the
forward-looking statements include, but are not limited to, the
risk factors identified under "Risk Factors" in the Company's
latest annual information form, and in other periodic filings that
the Company has made and may make in the future with the securities
commissions or similar regulatory authorities in Canada, all of which are available under the
Company's SEDAR profile at www.sedar.com. These factors are not
intended to represent a complete list of the factors that could
affect Haivision. However, such risk factors should be considered
carefully. There can be no assurance that such estimates and
assumptions will prove to be correct. You should not place undue
reliance on forward-looking statements, which speak only as of the
date of this release. Haivision undertakes no obligation to
publicly update any forward-looking statement, except as required
by applicable securities laws.
About Haivision
Haivision is a leading global provider of mission-critical,
real-time video streaming and visual collaboration solutions. Our
connected cloud and intelligent edge technologies enable
organizations globally to engage audiences, enhance collaboration,
and support decision making. We provide high quality, low latency,
secure, and reliable live video at a global scale. Haivision open
sourced its award-winning SRT low latency video streaming protocol
and founded the SRT Alliance to support 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. Founded in 2004, Haivision is
headquartered in Montreal and
Chicago with offices, sales, and
support located throughout the Americas, Europe, and Asia. Learn more at haivision.com.
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SOURCE Haivision Systems Inc.