Simrad is eating up Lowrance, literally!

18rabbit

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This says something about the Lowrance products. Simrad only acquires companies that make quality marine electronics.<br /><br />--------<br /><br />Simrad acquires nearly 80 percent of Lowrance's shares<br />Boating Industry <br />Friday March 3, 2006<br /><br />TULSA, Okla. - Simrad Yachting's wholly owned subsidiary, Navico Acquisition Corp., has purchased all of the shares tendered and not withdrawn pursuant to its tender offer for all of the outstanding shares of Lowrance common stock at $37.00 per share, Lowrance said in a release today.<br />.<br />.<br />.<br />As a result of these purchases in the tender offer, Simrad Yachting, through Navico, now owns approximately 80 percent of the outstanding shares of Lowrance common stock. <br />.<br />.<br />.<br />If Simrad Yachting, through Navico, owns at least 90 percent of the outstanding shares of Lowrance common stock after the subsequent offering period, the merger will be implemented on an expedited basis pursuant to the short-form merger procedure available under Delaware law.<br /><br />You can read the whole areticle here:<br /><br /> http://www.boating-industry.com/output.cfm?id=1070929
 
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