Norsat Shareholders Approve Hytera Acquisition Plan
Monday, June 26, 2017 | Comments

At the adjourned 2017 annual general and special meeting of security holders of Norsat International held June 22, the security holders of Norsat voted in favor of a special resolution to approve the plan under which Hytera Communications will acquire all the issued and outstanding shares of Norsat for US$11.50 in cash.

At the meeting, about 64.87 percent of the outstanding Norsat shares and options and restricted stock units (RSUs) were present in person or represented by proxy.

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