10:28 AM EST - Norsat International Inc. : Has received an updated unsolicited, proposal from Privet Fund Management LLC to acquire the Company for cash consideration of $11.50 U.S. per share. The Privet Subsequent Acquisition Proposal is not subject to any due diligence or financing conditions. Privet has indicated that it is prepared to sign a definitive agreement on non-financial terms and conditions substantially identical to the existing arrangement and amending agreement with Hytera. Norsat International Inc.
shares T.NII are trading up $0.33 at $15.33.
