FREMONT, CALIFORNIA— EFI is likely to be acquired by a US private equity firm Siris Capital Group in a deal that is valued  at $1.7bn.  Once  the deal is completed EFI will delist from the  Nasdaq. EFI has now entered a 45-day 'go-shop' period where EFI’s advisors can approach other potential suitors for a better offer. If its offer is bested in that process, Siris will have the opportunity to make an improved offer. EFI was founded by Efi Arazi in 1989,  In 2018 the company had over $1billion in sales.  In 2018 Bill Muir took over as CEO from Guy Gecht, who had headed  EFI  for the last 18 years.