Cobham, parent company of Sea Tel, has announced that it has reached agreement with the board of directors of Thrane & Thrane on the terms of a revised voluntary tender offer for the company.
Cobham, parent company of Sea Tel, has made a second offer to buy the entire share capital of Thrane & Thrane, having purchased a quarter of the company since it initially withdrew an acquisition offer just weeks ago.
The unnamed company which Thrane & Thrane recently reported had made an unsolicited offer to buy the Danish antenna manufacturer has been revealed, with Cobham, parent company of Sea Tel, confirming that it has now withdrawn its proposal to acquire the shares of Thrane & Thrane A/S.
Imtech Marine reports that it has signed global distribution and service agreements for VSAT satellite communication and satellite TV (TVRO) products with antenna manufacturers Intellian, Jotron and Thrane & Thrane.
Thrane & Thrane has reported that it has received an unsolicited approach to acquire the company, which it will now take under review.
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