April 17, 2017 / 2:08 PM / 4 months ago

BUZZ-Norsat International: Gets takeover bid from Privet Fund Management

** Canadian company's U.S.-listed shares up as much as 6.4 pct at $10.75 after Privet Fund Management LLC makes a takeover bid

** Stock touches record high

** Toronto-listed shares touches highest level in over 8 years

** Co, which provides communications solutions to military and government organizations, receives a takeover bid for $11/shr; deal valued at about $64.3 mln

** Offer represents 9 pct premium to co's last close on NYSE

** More than 73,000 NSAT shares traded, 2.2x their 30-day moving avg

** Up to Thursday's close of $10.10, NSAT had risen 72.65 pct and NII had risen 81.66 pct in the past 12 months

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