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BRIEF-Norsat enters into amended definitive agreement with Hytera Communications

May 31 Norsat International Inc:

* Norsat enters into amended definitive agreement with Hytera communications co., ltd. To be acquired for $11.25 usd per share

* Norsat international inc says proposed transaction values Norsat at an equity value of approximately $69 million usd

* Norsat international inc - ‍transaction has unanimous support of Norsat's independent directors​

* Norsat International Inc - amended ‍arrangement agreement provides for customary non-solicitation provisions, with "fiduciary out" provisions​

* Norsat - ‍"fiduciary out" provisions allow co to terminate agreement in certain circumstances, subject to payment of termination fee of $2.5 million Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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