March Networks/Infinova deal likely to close in next few weeks
March Networks, provider of intelligent IP video solutions, announced yesterday that its shareholders approved the sale of the company to Infinova. The $88 million deal, announced in December
may close as soon as next week and before the end of April, according to a statement from March.
March is awaiting a "final order" from the Ontario Superior Court of Justice. The hearing is scheduled for this Friday.