Norsat Receives Purchase Offer From Privet
Satellite terminal company Norsat received an unsolicited, conditional, nonbinding purchase offer from Privet Fund Management, it said in a news release Monday. Norsat said it put together a special board committee to review the proposal, and it notified Hytera Communications…
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about the takeover bid -- Hytera having signed an agreement in March for the buyout of Norsat.