Home Article March Networks/Infinova deal likely to close in next few weeks

March Networks/Infinova deal likely to close in next few weeks

March Networks/Infinova deal likely to close in next few weeks

On The Editor's Desk

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By Martha Entwistle

Updated Wed March 21, 2012

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.

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