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- Simrad Yachting Announces Extension of Subsequent Offering Period; Subsequent Offering Period to Expire at 12:00 Midnight, New York City time on Wednesday, March 8, 2006
- TULSA, Okla. -- Simrad Yachting Now Owns Approximately 86.2% of Lowrance Common Stock Simrad Yachting AS and Lowrance Electronics, Inc. (Nasdaq:LEIX) announced today that the expiration date for the subsequent offering period to the tender offer by Simrad Yachting's wholly owned subsidiary, Navico Acquisition Corp., to purchase all of...
- Research articles 2006-03-06
- Simrad Yachting AS Has Entered into a Merger Agreement with Lowrance Electronics, Inc
- TULSA, Okla. -- Simrad Yachting AS and Lowrance Electronics, Inc. (Nasdaq:LEIX) announced today that Simrad Yachting has agreed to acquire all of the outstanding shares of Lowrance for $37 per share. The acquisition price represents an enterprise value for Lowrance of approximately $215 million and a premium of 48% over...
- Research articles 2006-01-30
Additional Resources
- Simrad Yachting AS and Lowrance Electronics, Inc.(NEWS BRIEFS)
- Simrad Yachting AS and Lowrance Electronics, Inc. announced that Navico Acquisition Corp., Simrad Yachting's wholly owned subsidiary, has merged into Lowrance and, as a result, Lowrance has become a direct wholly owned subsidiary of Simrad Yachting. The merger follows a tender offer by Navico for all...
- Research articles 2006-05-01
- Simrad Yachting Enters into Merger Agreement with Lowrance Electronics
- Simrad Yachting AS (Horten, Norway) and Lowrance Electronics Inc. (Tulsa, Oklahoma) recently announced together that Simrad Yachting has agreed to acquire all of the outstanding shares of Lowrance for a price of $37 per share. According to Simrad Yachting, the acquisition price represents an enterprise value for Lowrance of approximately...
- Research articles 2006-03-01
- Merger of Lowrance Electronics, Inc. and Navico Acquisition Corp. Is Complete; Lowrance Becomes a Wholly Owned Subsidiary of Simrad Yachting AS; Lowrance Shares Cease to Be Quoted for Trading on Nasdaq
- TULSA, Okla. -- Simrad Yachting AS and Lowrance Electronics, Inc. (formerly Nasdaq: LEIX) announced today that Navico Acquisition Corp., Simrad Yachting's wholly owned subsidiary, has merged into Lowrance and, as a result, Lowrance has become a direct wholly owned subsidiary of Simrad Yachting. The merger follows a tender offer by...
- Research articles 2006-03-14
- Simrad Yachting AS to acquire Lowrance Electronics Inc
- NORDIC BUSINESS REPORT-31 January 2006-Simrad Yachting AS to acquire Lowrance Electronics IncC1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian marine electronics provider Simrad Yachting AS said on Monday (30 January) that it had agreed to acquire the US marine electronics provider Lowrance Electronics Inc. The purchase price of USD37...
- Research articles 2006-01-31
- Simrad Yachting Completes Subsequent Offering Period in Respect of Lowrance Shares; Simrad Yachting Now Owns Approx. 95.6% of Lowrance's Outstanding Shares
- TULSA, Okla. -- Simrad Yachting AS and Lowrance Electronics, Inc. (Nasdaq:LEIX) announced today that as of 12:00 Midnight, New York City time, on March 8, 2006, the tender offer conducted by Navico Acquisition Corp., Simrad Yachting's wholly owned subsidiary, for all of the outstanding shares of Lowrance common stock expired....
- Research articles 2006-03-09
- Kongsberg Gruppen ASA sells Simrad Yachting to Altor
- NORDIC BUSINESS REPORT-26 September 2005-Kongsberg Gruppen ASA sells Simrad Yachting to AltorC1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com The Norwegian high-tech group Kongsberg Gruppen ASA said on Monday (26 September) that it had agreed to sell the yacht electronics operations of its subsidiary Simrad to the Nordic private equity fund Altor....
- Research articles 2005-09-26
- US, German and Norwegian Antitrust Waiting Periods Expire for Simrad Yachting's Acquisition of Lowrance Electronics, Inc.; Antitrust Approval Condition to Tender Offer Has Now Been Satisfied
- TULSA, Okla. -- Simrad Yachting AS and Lowrance Electronics, Inc. (Nasdaq:LEIX) announced today that the waiting period under the Norwegian Competition Act applicable to Simrad Yachting's pending acquisition of Lowrance expired. The waiting periods under the U.S. Hart-Scott-Rodino Antitrust Improvements Act and the German Act Against Restraints of Competition expired...
- Research articles 2006-02-23
- Simrad Yachting Acquires Approximately 80% of Lowrance's Shares Pursuant to the Tender Offer; Subsequent Offering Period Will be Provided Until 12:00 Midnight, New York City Time on Friday, March 3, 2006
- TULSA, Okla. -- Simrad Yachting AS and Lowrance Electronics, Inc. (Nasdaq:LEIX) announced today that Simrad Yachting's wholly owned subsidiary, Navico Acquisition Corp., purchased all of the shares tendered and not withdrawn pursuant to its tender offer for all of the outstanding shares of Lowrance common stock at $37.00 per share,...
- Research articles 2006-03-01
- Simrad Yachting extends Tulsa-based Lowrance Electronics offer again
- With 86.2 percent of Lowrance Electronics stock in hand, Simrad Yachting decided Monday to extend its tender offer a second time. Company officials hope this midnight Wednesday extension will allow Horten, Norway-based Simrad to reach 90 percent or more ownership, a level that would ease the acquisition process....
- Research articles 2006-03-07
- Tulsa-based Lowrance Electronics merges with Norway-based Simrad
- After four aborted attempts over the past five years, the fifth courtship proved a winner for Tulsa-based Lowrance Electronics. Simrad Yachting has completed its takeover of the manufacturer of fish-finding equipment and global positioning system units, making Lowrance a wholly owned subsidiary.It's been very good news so far, said Lowrance...
- Research articles 2006-03-15
- Tender offer fast-tracks Tulsa-based Lowrance Electronics takeover
- With 95.6 percent of Lowrance Electronics stock tendered, Simrad Yachting should complete its $215 million takeover of Lowrance by Monday. Horten, Norway-based Simrad acquired 4,911,856 shares of Lowrance common stock with the Wednesday midnight close of Simrad's $37-a- share tender offer. That put Simrad over the 90-percent level...
- Research articles 2006-03-10
- Lowrance Electronics lawsuit could head back to Tulsa County
- Attorneys for Troy Siebels are keeping their options open. In a joint filing updated Thursday, attorneys sought an extension of U.S. District Judge Terence Kern's order to establish a starting point in Siebel's shareholder lawsuit against Lowrance Electronics, challenging its merger with Simrad Yachting. That deal's...
- Research articles 2006-03-06
- Tulsa-based Lowrance Electronics takeover clears antitrust stage
- The sale of Lowrance Electronics has completed its antitrust stage. In three filings Thursday with the U.S. Securities and Exchange Commission, Simrad Yachting of Egersund, Norway, updated details on its proposed $215 million buyout of Tulsa-based Lowrance. It also noted the companies had completed waiting...
- Research articles 2006-02-24
- Norwegian firm offers $215M for Lowrance: Tulsa office to expand
- Unlike past takeovers, the Tulsa area stands to add jobs from the sale of Lowrance Electronics. The Norwegian firm Simrad Yachting has offered to buy all outstanding shares of Tulsa-based Lowrance for $215 million. At $37 a share, that represents a 48-percent premium over Lowrance's...
- Research articles 2006-01-31
- Tulsa-based Lowrance Electronics vows to contest shareholder lawsuit
- Lowrance Electronics will contest a stockholder lawsuit challenging its buyout agreement with Simrad Yachting. The lawsuit, filed late Friday at the Tulsa County District Court by Troy Siebels, alleged the Lowrance board of directors breached its fiduciary duties by not making adequate disclosure of the deal in its...
- Research articles 2006-02-07
- Speculators hold Lowarnce Electronics stock price above buyout level
- On Jan. 30, Lowrance Electronics announced a $215 million buyout deal with the Norwegian firm Simrad Yachting. That $37-a-share purchase price offered Lowrance investors a 48- percent premium over the stock's $25 Jan. 27 closing price. But the Nasdaq stock jumped almost that entire distance on the first...
- Research articles 2006-02-09
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