Norsat gives Hytera until 25 May to match Privet bid

Friday 19 May 2017 | 13:52 CET | News
Norsat International said it has given Hytera Communications until 25 May to match the superior offer for the company from Privet Fund Management. In an update to its unsolicited offer, Privet is offering USD 11.00 cash per share, compared with USD 10.25 offer that Norsat had originally agreed upon with Hytera. If Hytera does not amend its proposal, then Norsat intends to accept Privet's bid through a definitive agreement, upon which it would pay Hytera a USD 2.0 million termination fee.

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Categories: Broadcast & Satellite
Companies: Hytera Communications / Norsat International
Countries: World
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