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BRIEF-Norsat announces amended offer from Hytera Communications for $11.25 per share

Published 2017-05-25, 01:24 p/m
© Reuters.  BRIEF-Norsat announces amended offer from Hytera Communications for $11.25 per share
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May 25 (Reuters) - Norsat International Inc NII.TO :

* Norsat announces amended offer from Hytera Communications Co., Ltd. to be acquired for $11.25 USD per share

* Amended offer is to acquire company for cash consideration of US$11.25 per share

* Amended offer is to increase both Norsat and Hytera termination fees for deal from US$2.0 million to US$2.5 million, respectively

* Board received, reviewed and considered an offer from Hytera to amend terms of existing arrangement agreement

* Amended to remove condition permitting Hytera to not close transaction if over 20% of co's shareholders exercised dissent rights Source text for Eikon: Further company coverage: NII.TO

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