Radio communications firm Hytera will acquire satellite communication solution firm Privet Fund Management at $10.25 per cash share, for a total cost of $62m. Norsat had submitted a non-binding letter of interest to acquire the company, but Privet Fund Management’s board of directors decided to proceed with Hytera’s offer.
Radio communications firm Hytera will acquire satellite communication solution firm Norsat at $10.25 per cash share, for a total cost of $62m. Privet Fund Management had submitted a non-binding letter of interest to acquire the company, but Norsat’s board of directors decided to proceed with Hytera’s offer.