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Aug 16, 2009, 12:58 p.m. EST Garmin bids for U.K.'s Raymarine: report By Polya Lesova, MarketWatch NEW YORK (MarketWatch) -- Raymarine, the British manufacturer of marine navigation equipment, has received a takeover offer from much bigger rival Garmin, the Sunday Times reported without attributing the information to a source. Portsmouth, U.K.-based Raymarine has been seeking a partner to help it deal with declining profits and rising debt, the British newspaper said. Garmin Ltd., based in the Cayman Islands, provides navigation and communication devices for the automotive-mobile, outdoor-fitness, marine and general-aviation markets. Raymarine is valued at around 10 million British pounds (about $17 million), while Garmin is valued at nearly $6 billion, according to the report. Garmin has its own difficulties. In early August, it reported a decline in second-quarter net profit, attributed to the global recession. |
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| aus der Diskussion: | Warum interessiert sich hier niemand für GARMIN ?? |
| Autor (Datum des Eintrages): | R-BgO (17.08.09 07:30:24) |
| Beitrag: | 75 von 95 (ID:37792035) |
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