March 27 (Reuters) - Norsat International Inc NII.TO :
* Norsat International Inc - transaction has unanimous support of norsat's independent directors.
* Norsat International Inc - enters into definitive agreement with Hytera Communications Co Ltd to be acquired for $10.25 USD per share
* Norsat International Inc - proposed transaction values norsat at an equity value of approximately $62 million usd
* Norsat enters into definitive agreement with Hytera Communications Co Ltd to be acquired for $10.25 USD per share
* Norsat International Inc - transaction will have a termination fee of $2.0 million
* Norsat International - arrangement agreement provides for, among other things, customary non-solicitation provisions, with "fiduciary out" provisions Source text for Eikon: ID:nCNWTzNx3a Further company coverage: NII.TO