Partners Group offers to buy TSX-listed Axia NetMedia at C$272M market cap
March 10, 2016
Partners Group has agreed to acquire Axia NetMedia (TSX: AXX), a Canada-based company that designs, installs and operates fiber-based internet and data networks across North America and France. The offer is for C$4.25 per share—a 49% premium over Axia's share price at Tuesday's close—valuing the company at C$272 million. Partners Group's offer is unanimously recommended by Axia’s Board of Directors.