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BRIEF-Norsat receives updated unsolicited proposal from Privet Fund Management
May 15, 2017 / 11:50 PM / 7 months ago

BRIEF-Norsat receives updated unsolicited proposal from Privet Fund Management

May 15 (Reuters) - Norsat International Inc:

* Norsat announces receipt of updated unsolicited, proposal from Privet Fund Management Llc

* Norsat International-received updated unsolicited, proposal from Privet Fund Management to acquire co for cash consideration of US$11.00 per share

* Privet proposal is not subject to any due diligence or financing conditions

* Norsat International - privet indicated it is prepared to sign agreement on non-financial terms and conditions identical to agreement with Hytera

* Norsat International- special committee comprising all independent directors of board will review, consider if Privet proposal is a “superior proposal” Source text for Eikon: Further company coverage:

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