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News:

July 24, 2019

Acquisition of EFI now completed

The previously announced acquisition of Electronics For Imaging, Inc. by an affiliate of Siris ist now now completed. for approximately $1.7 billion. With the closing of the transaction, which is worth US$ 1.7 billion, the Company, which will continue to operate as Electronics For Imaging (EFI), will be wholly owned by an affiliate of Siris, and EFI's common shares will be delisted from the NASDAQ stock exchange.


“This acquisition marks a new, exciting path forward in EFI's 30-year history as a digital imaging technology leader,” said EFI CEO,  Bill Muir. “With Siris' partnership, we will look to create new opportunities for our customers, partners, and EFI employees worldwide. We are looking forward to working with Siris to write the next chapter of innovation across our growing portfolio of solutions.”

“EFI's portfolio of best-in-class solutions presents an exciting opportunity to drive further growth in high-quality inkjet and integrated, digital workflows”, added Jeff Jacobson, Siris Executive Partner and EFI Executive Chairman. “I look forward to working closely with the management and know Siris is committed to providing the guidance and support needed to help EFI continue accelerating the transformation of industries where colorful images matter.”

The transaction, which was initially announced on April 15, 2019, was approved in a shareholder vote on July 15, 2019 in which 72.2 percent of EFI's outstanding shares and 99.7 percent of voted shares were voted in favor of the transaction.

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