NORSAT INTERNATIONAL INC T.NII

bidding war wheeeeeeeeeeeee

[thedave2006]

Norsat International Receives Indications of Interest from "Multiple Parties"

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Mon Sep 19 11:03:11 2016 EDT

 11:03 AM EDT, 09/19/2016 (MT Newswires) -- Norsat International Inc. (NII.TO), provider of unique and customized communication solutions for remote and challenging applications, today announced that it has recently received indications of interest from multiple parties with respect to a strategic transaction. Privet Fund Management LLP has offered to acquire the Company for cash consideration of US$8.00 per share subject to due diligence, financing and other conditions. Norsat has retained Raymond James Ltd. as its financial advisor and McMillan LLP as its legal advisor to assist the Company's Board of Directors in reviewing and evaluating the proposals and comparing such proposals to Norsat's standalone strategic plan. The review process initiated by the Board could result in bids with consideration higher than US$8.00 per share. Norsat has not established a definitive timeline to complete this review and no decision has been reached at this time. Price: 8.39, Change: 0, Percent Change: 0   https://www.mtnewswires.com Copyright © 2016 MTNewswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

SID(LBNA1275708)

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NII-TC

CANA.MNCNSR.MNCanadianConsumer-ServicesMERGA.MNMergers-&-AcquisitionsREGM.MNSTOK.MNStocksTELE.MNTNGY.MNTechnologyTelecommunications

**CS-B-11

[TechOne]

Worth a lot more then $8 for sure.. Management took forever to bulk up with more acquisitions even though they have talked about it for at least 2-3 years every time I attended the AGM..  There was always a risk of takeout but am surpirsed it took a while..  So I guess now we will be taken out in some fashion..  Only have a small position but I will take the money and move on

[thedave2006]

Good to hear from Benj on my query on the possible TO war at NII. You can email him about it to see if he owns still and if TO SP is fair, just go to his contra the herd website. cheers, dave.

[TechOne]

As far as Benj goes, this is what he said on June 28th when he was on BNN.CA .. Share price at the time was 8.90 CAD ..   He did not own any shares on that day (which actually is a surprise to me because I did not know he sold it)  The above quote is from www.stockchase.com 

[rationalexuberance]

Gallendar's comment makes no sense...."when they had a consolidation"???.....there's only 5.8mil shares out!!  lol

[TechOne]

He was talking about the past.. He used to own NII when they decided to do a reverse split..  This was some time back and I guess he never got back in although according to that comment he had planned to..  After the split, trading dried up and spread were a tad crazy although one money manager managed to accumulate a sizable position.. 

[rationalexuberance]

Sounds like he totally missed the boat.  If he hadn't sold his holdings at $5.50 in 2015, he would've doubled his money.

[thedave2006]

send benj an email by going to his contra the herd website and he will gladly reply back how many shares he owns and if he feels the current $8US is fair TO price.  btw he mentioned within his reply back to me he will be on BNN Thursday 6pm show, so i'm pretty sure he may make a mention of NII or get asked about it. cheers, dave.