Potential buyer for Raymarine
By IBI Magazine
This morning Raymarine informed the London Stock Market that it had received a preliminary approach that may or may not lead to a full takeover.
At this stage the company cannot make any further comment and therefore it is not yet known if the interested party is a trade or private equity buyer.
Possible trade buyer names being put forward include Simrad, Garmin or Furuno. Current market capitalisation is estimated at £200 million.
Shares in Raymarine which had been trading at £2.46 when the market closed last night, rose by 27 per cent in response to the announcement.
(2 April 2008)
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