April 17, 2017 / 11:13 AM / a year ago

BRIEF-Privet Fund offers US$11/share to acquire Norsat International

April 17 (Reuters) - Privet Fund Management:

* Privet fund offers US$11.00 per share to acquire Norsat International Inc

* Privet fund management - continues to maintain ownership and control of 1,027,170 shares of Norsat, representing about 17.6% of outstanding shares

* Privet fund management - sent to board of Norsat international letter indicating interest in acquiring 100% of common shares of Norsat not already owned

* Privet fund management - requested Norsat for access to updated financial and legal diligence information so that it can deliver “superior proposal”

* Privet fund management says it expressed “disappointment” in result of Norsat’s negotiations with hytera

* Privet fund management says “does not view financial terms of proposed Hytera arrangement to be in best interests of Norsat shareholders at this time” Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below