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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Raymarine | LSE:RAY | London | Ordinary Share | GB00B040K612 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 18.00 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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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
OLAKKODPDBKDOPD
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