Privet Fund Makes Offer for Norsat
Friday, March 17, 2017 | Comments

Norsat, which owns Sinclair Technologies, received a new indication of interest from Privet Fund Management. Privet provided a nonbinding letter of interest to acquire Norsat for cash consideration of $10.25 per share subject to due diligence, financing the completion of a definitive agreement and other conditions.

The announcement follows indications of interest from multiple parties with respect to a strategic transaction last September.

The board, together with the company’s financial advisors and legal counsel, has been reviewing various strategic alternatives and opportunities to maximize value for shareholders. The board will consider and evaluate the non-binding indication of interest from Privet as part of this ongoing process.

Would you like to comment on this story? Find our comments system below.

Post a comment
Name: *
Email: *
Title: *
Comment: *


No Comments Submitted Yet

Be the first by using the form above to submit a comment!

Magazines in Print

May 2017

4 - 4
Webinar: Are You Prepared for FirstNet? Learn How Agencies Use Band 14 Today

June 2017

12 - 14
PSCR Public-Safety Broadband Stakeholder Meeting
San Antonio

More Events >

Site Navigation