Raymarine is negotiating the sale of the business again.
Industry

Raymarine is negotiating the sale of the business again.

The British manufacturer of navigation electronics for sailing and motor yachts announces that a third party is interested in buying all issued shares of the company at 3.6 pence per share. Current quotations reach 4.0 pence.

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So far, no details or prospects for negotiations have been reported. However, the management of the British company expects the offer to be received in the near future. The company is now also busy restructuring its debt obligations.

Amid reports of the sale of the business, Reymarine Holdings shares rose from 1.6 to 4.0 pence per share.

In November-December 2009, the company was already on the verge of concluding a deal with American manufacturer of navigation devices Garmin. But closer to the new year the deal was upset for unknown reasons.

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