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BRIEF-Norsat notifies Hytera of superior proposal from Privet Fund Management
June 14, 2017 / 12:22 PM / 2 months ago

BRIEF-Norsat notifies Hytera of superior proposal from Privet Fund Management

June 14 (Reuters) - Norsat International Inc

* Norsat notifies Hytera of superior proposal from Privet Fund Management

* Says Hytera has right but not obligation to amend terms for period of 5 business days expiring June 20, 2017

* Says special committee have reviewed and considered an updated unsolicited proposal from Privet Fund Management

* Independent directors determined privet subsequent acquisition proposal constitutes a "superior proposal" as defined in amended arrangement agreement

* Says has delivered written notice to Hytera of determination of independent directors Source text for Eikon: Further company coverage:

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