Raymarine continues to weigh offersPosted on
Raymarine announced Tuesday that one of three approaches for the entire issued share capital of the company was changed.
Following a March 11 announcement by the board of Raymarine that it had received an approach for the entire issued share capital (at approximately 5.54 cents per share) of the company, the Raymarine board announced April 8 that two additional approaches from third parties had been made at approximately 6.16 cents per share.
One of the latter parties has since withdrawn its proposal, but made an equivalent proposal to acquire the business and assets of Raymarine.
Any of these approaches may or may not lead to an offer.