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New York-listed Garmin is mystery bidder for Raymarine
Thought you all might want to see this... Personally, I'm less than thrilled. It means less competition in the marine electronics space from the manufacturer / supplier side, and if Garmin succeeds it matches a heavy handed marketing consumer products company with what has been a first class producer of real marine grade electronics. (full disclosure - I own some Raymarine shares "RYMRF" ). Read more (Telegraph.co.uk)
Raymarine, the London-listed supplier of electrical products to leisure boats, is thought to have attracted a takeover approach from Garmin, the $10bn mobile navigation device company, in a deal that could be worth as much as £200m.
Sources close to the deal said that Raymarine would be an ideal fit for Garmin, which is listed on Nasdaq, the technology-heavy New York-based exchange.
A number of private equity companies are also thought to be eyeing Raymarine. (full article