RE:42 days to shop another offer = $3.80 is the new floor !!!!Sandvine Agrees to be Acquired by Vector Capital for $3.80 Per Share MT Newswires 08:21 AM EDT, 05/29/2017 (MT Newswires) -- Sandvine (SVC.TO) said late Friday that it has entered into an agreement to be acquired by Vector Capital, a global private equity firm focused on technology companies, for $3.80 per share, or approximately $483 million, in cash by way of a plan of arrangement. The purchase price represents a 20% premium to Sandvine's closing share price on May 25. The board has formed a special committee to review the offer and has a 42-day go-shop period to actively solicit superior proposals. Following the go-shop period, Sandvine will be subject to a non-solicitation covenant, with customary fiduciary out provisions. The agreement provides for a termination fee of $8.4 million with respect to such a termination during the go-shop period and $16.9 million in certain other circumstances. Upon closing, Sandvine common shares will be de-listed from the TSX and no longer traded publicly.