March 17, 2017 / 12:37 PM / 9 months ago

BRIEF-Norsat announces receipt of new indication of interest

March 17 (Reuters) - Norsat International Inc:

* Norsat announces receipt of new indication of interest

* Norsat International Inc - privet has provided a non-binding letter of interest to acquire company for cash consideration of US$10.25 per share

* Norsat International Inc - board will consider and evaluate non-binding indication of interest from privet as part of this ongoing process

* Norsat International Inc - board, together with company’s financial advisors and legal counsel, has been reviewing various strategic alternatives

* Norsat International -privet has provided a non-binding letter of interest to acquire company for cash consideration of US$10.25 per share

* Norsat International Inc - has recently received a new indication of interest from Privet Fund Management Llp Source text for Eikon: Further company coverage:

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