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BRIEF-Norsat enters into amended agreement with Hytera Communications to be acquired for $11.50/shr

Published 2017-06-20, 08:52 a/m
© Reuters.  BRIEF-Norsat enters into amended agreement with Hytera Communications to be acquired for $11.50/shr
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June 20 (Reuters) - Norsat International Inc NII.TO

* Norsat enters into amended definitive agreement with Hytera Communications Co Ltd to be acquired for $11.50 per share

* Norsat International Inc - proposed transaction values Norsat at an equity value of approximately $70.6 million

* Norsat International Inc - independent directors have unanimously determined that arrangement is in best interests of Norsat

* Norsat International - entered amended arrangement deal with Hytera Project Corp pursuant to which Hytera will buy Norsat for $11.50 in in cash/share Source text for Eikon: ID:nPn3Wmy6Ra Further company coverage: NII.TO

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