10:31 AM EST - Norsat International Inc. : Announced that the Special Committee comprising all of the Independent Directors of the Board of Directors, in consultation with the Company's legal and financial advisors, have reviewed and considered an updated unsolicited proposal from Privet Fund Management LLC to acquire the Company for cash consideration of $11.00 U.S. per share. The Independent Directors have determined that the Privet Proposal constitutes a "Superior Proposal" as defined in the Arrangement Agreement with Hytera. Norsat International Inc.
shares T.NII are trading up $0.25 at $15.04.
