Simrad Yachting buys Lowrance
Simrad Yachting and Lowrance have announced that the former has aquired all of the outstanding shares of Lowrance.
Simrad Yachting AS and Lowrance Electronics, Inc. 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 the closing price of its shares on Friday, January 27, 2006.
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