Radio communications firm Hytera will acquire satellite communication solution firm Norsat at $10.25 per cash share, for a total cost of $62m. The deal is expected to close in the first half of next year.
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.