Raymarine

Raymarine, a unit of FLIR Systems Inc., is a maker of recreational marine electronics that include marine radar, multifunction displays, fishfinders and autopilots.

Bidder pulls back from Raymarine negotiations

Raymarine announced that the “third party” it was in negotiations with to purchase the company has said it is “no longer willing to proceed with that transaction.” UPDATE: Click here for updated news on the Raymarine proceedings. “It has, however, informed Raymarine’s banking syndicate that if Raymarine were to enter into administration it would be…more

Raymarine urges ‘no action’ on Garmin offer

Raymarine confirmed today it remains in “advanced discussions” with a third party regarding the sale of the company, and urged its shareholders to “take no action” regarding Garmin’s offer. Garmin announced Wednesday that it made a cash offer of 15 pence (23 cents) per share to acquire Raymarine plc. The transaction remains subject to shareholder…more

042210_Raymobile

Raymarine debuts its mobile showrooms

Raymarine is taking its products on the road this spring. The company announced that the Raymobile mobile showrooms have started their 2010 tour, traveling to retailers, dealers and fishing events around the United States, according to a recent press release. “This year we’re expanding the Raymobiles’ routes to include the Great Lakes region and West…more

Raymarine continues to weigh offers

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…more

Competitor eyes Raymarine takeover

Raymarine confirmed it has received two further takeover approaches, including one from a direct competitor, which it says was the highest of the approaches. Last month, the company also announced it had been approached by a third party interested in buying the company. Raymarine officials said in a statement it believes the proposal from its…more

Raymarine unveils spring sales promotion

Raymarine announced its spring product promotion, “Fish Like the Pros,” which runs April 1 through May 31. The promotion offers rebate savings on Raymarine’s C-Series Widescreen Multifunction Displays and HD Digital Sounder Module products. The promotion also celebrates the success of Raymarine’s Pro Ambassador anglers, who have already secured several victories in the 2010 fishing…more

Raymarine receives potential offer

Raymarine today confirmed it has received a “further approach from a third party, which may or may not lead to an offer being made for the entire issue capital of Raymarine at approximately 3.6 pence per share.” That amount is approximately equal to about 5.4 cents U.S. per share. The potential offer, from an unnamed…more

Raymarine in sales talks, but not with Garmin

Raymarine executives announced the company is entering into “exclusive discussions” with a single party over a possible sale, but is no longer in talks with Garmin. “It is envisaged that the proposed transaction will be structured by means of a sale of Raymarine Holdings Limited, a wholly-owned subsidiary of Raymarine, and that, subject to certain…more

Raymarine, Boston Whaler form partnership

  Raymarine was named the exclusive marine electronics supplier to Boston Whaler. Raymarine products are now factory-installed options on 18 of Boston Whaler’s 2010 models. “With a fully-networked electronics suite from Raymarine, our customers will experience even more enjoyment and peace of mind on the water,” said John Ward, president of Boston Whaler, in a…more

Raymarine confirms sale talks with Garmin

Raymarine issued a brief statement today confirming that it is in preliminary discussions with mobile navigation giant Garmin and other parties concerning the possible sale of the British-based marine electronics manufacturer. “The company continues to explore a sale of the business or an equity fund-raising and, in the absence of either of these, to secure…more

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