Bidding War Continues Over Norsat, With Another Privet Offer
Norsat continues to be the subject of a bidding war, with the company announcing Wednesday it received a higher bid from Privet Fund Management. Hytera last month upped its bid (see 1705310005) after an offer from Privet (see 1704170026), and…
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Norsat Wednesday said Hytera has five business days to amend its offer. Any Norsat deal would need regulatory OK from Canada's Industrial Technologies Office, it said.