Bidding War Continues Over Norsat, With Another Privet Offer

June 15, 2017 |Satellite

Norsat continues to be the subject of a bidding war, with the company announcing Wednesday it received a higher bid from Privet Fund Management. Hytera last month upped its bid (see 1705310005) after an offer from Privet (see 1704170026), and Norsat Wednesday said Hytera has five business days to amend its offer. Any Norsat deal would need regulatory OK from Canada's Industrial Technologies Office, it said.