Garmin, others exploring acquisitions of Britain’s Raymarine
Raymarine makes fishfinders, autopilots, marine radar and GPS systems for leisure boats and has been struggling of late. The company confirmed it is in preliminary talks with Garmin and others about an acquisition. The news popped after a report that Garmin had approached the company with a takeover bid on Sunday. Raymarine’s stock was up 96% on the news.
- Reuters
by Adena Schutzberg on 08/17 at 07:48 AM |
Comments |
