Privet Raises Price for Norsat International above Hytera's Offer


Norsat International announced that it received an unsolicited, conditional, nonbinding proposal from Privet Fund Management to acquire the company for cash consideration of $11 per share.

The announcement follows a March agreement between Norsat and Hytera Project , a subsidiary of Hytera Communications, under which Hytera planned to acquire Norsat for $10.25 in cash per share.


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