The sale of Norsat to Hytera is currently on hold while Norsat considers a last-minute rival bid from a U.S. hedge fund – a bid that Hytera is likely to match, thanks to funds provided by the Chinese state, according to one business source in the U.S.
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Why? It is basically a trick played by Canada to jack the maximum profit from the sale. You said the same thing on Potash and Chines didn't bite the bait, look at its stock today, 50% drop.
The dilemma is that Hytera is a fast growing company that is eroding market share like NorSat, so it is a tough choice. But for Chinese, they don't need to buy at a high price, they have the market.