Hytera Offers $11.50 Per Share for Norsat
Friday, June 16, 2017 | Comments

Norsat International received, reviewed and considered an offer from Hytera to amend the terms of the existing amended arrangement agreement. The amended offer is to acquire the company for cash consideration of $11.50 per share and to increase both the Norsat and Hytera termination fees from US$2.5 million to US$3 million, respectively.

The independent directors determined that based on the amended offer from Hytera, the Privet proposal ceases to be a superior proposal, and Norsat will implement the Hytera amended offer. 

Norsat announced the new Hytera agreement earlier this week.

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