Well after yesterdays reports that Garmin had tabled an offer to the Raymarine shareholders for the purchase of their rivals, news has just been announced that the Raymarine board has urged it's shareholders to take no action with regards to this offer.
The Raymarine board have however announced that they are in advanced talks with a third party over the sale of Raymarine Holdings LTD who are offering a price of 17.5p per share (the Garmin offer was 15p per share).
we will keep you posted on any further news
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