{"id":68141,"date":"2017-06-02T01:03:06","date_gmt":"2017-06-01T17:03:06","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/hytera-communications-finalizes-acquisition-of-norsat\/"},"modified":"2017-06-02T01:03:06","modified_gmt":"2017-06-01T17:03:06","slug":"hytera-communications-finalizes-acquisition-of-norsat","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/hytera-communications-finalizes-acquisition-of-norsat\/","title":{"rendered":"Hytera Communications Finalizes Acquisition of Norsat"},"content":{"rendered":"<\/p>\n<p><strong>Norsat International <\/strong>announced that it has entered into an amended arrangement agreement with <strong>Hytera Project<\/strong>, a subsidiary of <strong>Hytera Communications<\/strong>, under which Hytera will acquire all the issued and outstanding shares of Norsat for&nbsp;$11.25&nbsp;per share. The proposed transaction values Norsat at an equity value of approximately&nbsp;$69 million.<\/p>\n<p>The agreement comes following an offer from <strong>Private Fund Management<\/strong> to acquire Norsat for $11 per share. After Norsat notified Hytera of the offer, Hytera returned with a superior proposal that Norsat\u2019s independent board of directors ultimately decided was in the best interest of Norsat and its shareholders.<\/p>\n<p>According to Norsat, the new arrangement will be subject to a number of customary conditions, including the approval of Norsat securityholders and certain regulatory approvals including under the Investment Canada Act.<\/p>\n<p>\u201cWe are pleased that we were able to conclude a revised agreement with Hytera.&nbsp;We continue to believe this all-cash transaction offers Norsat shareholders immediate liquidity and certainty of value,\u201d said Fabio Doninelli, director and chairman of Norsat\u2019s board of directors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norsat International announced that it has entered into an amended arrangement agreement with Hytera Project, a subsidiary of Hytera Communications, under which Hytera will acquire all the issued and outstanding shares of Norsat for&nbsp;$11.25&nbsp;per share. The proposed transaction values Norsat at an equity value of approximately&nbsp;$69 million. The agreement comes following an offer from Private [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":68142,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-68141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/68141"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=68141"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/68141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/68142"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=68141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=68141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=68141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}