May 25, 2017 / 5:27 PM / 5 months ago

BRIEF-Norsat announces amended offer from Hytera Communications for $11.25 per share

May 25 (Reuters) - Norsat International Inc:

* Norsat announces amended offer from Hytera Communications Co., Ltd. to be acquired for $11.25 USD per share

* Amended offer is to acquire company for cash consideration of US$11.25 per share

* Amended offer is to increase both Norsat and Hytera termination fees for deal from US$2.0 million to US$2.5 million, respectively​

* Board received, reviewed and considered an offer from Hytera to amend terms of existing arrangement agreement

* Amended to remove condition permitting Hytera to not close transaction if over 20% of co’s shareholders exercised dissent rights Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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