Offer Lapsed

 

TIDMRAY 
 
RNS Number : 0458M 
Garmin Ltd 
17 May 2010 
 

FOR IMMEDIATE RELEASE 
17 May 2010 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR 
FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE 
A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 
 
 
                             GARMIN LTD. ("Garmin") 
                            PRE-CONDITIONAL OFFER FOR 
                          RAYMARINE PLC ("Raymarine") 
 
 
Garmin notes that, on 14 May 2010, following an announcement by Raymarine that 
all loans outstanding under its banking facilities had been declared immediately 
due and payable, an administrator was appointed to Raymarine and a sale of its 
shares in Raymarine Holdings Limited (which represents the entire business 
operations of Raymarine and its subsidiary undertakings) was subsequently 
completed.  Accordingly, conditions (c) and (g) (viii) and (xiii) to Garmin's 
pre-conditional offer for Raymarine are no longer capable of being satisfied and 
the pre-conditional offer has now lapsed. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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