10:31 AM EST - Norsat International Inc. : Has entered into an arrangement agreement with Hytera Project Corp., a subsidiary of Hytera Communications Co., Ltd. pursuant to which Hytera will acquire all the issued and outstanding shares of Norsat for $10.25 in United States dollars in cash per share, pursuant to a court-approved plan of arrangement. The proposed transaction values Norsat at an equity value of approximately $62 million U.S. Norsat International Inc.
shares T.NII are trading up $0.60 at $13.40.
