Radio communications firm orbital will acquire satellite communications solution firm Norsat at $ 50 per cash share , for a total cost of $ 62 m . Privet communications group had submitted a non - binding letter of interest to acquire the company , but Norsat ’s board of directors decided to proceed with Hytera ’s acquisition .
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.