Raymarine acknowledges possible offer

LONDON – U.K.-based marine electronics company Raymarine Plc. (RAY.L) “has received a preliminary approach which may or may not lead to an offer being made for the company,” it reported in a statement Wednesday.

In the statement, the board of Raymarine noted the recent movement in its share price, which jumped to over 310 pence on Wednesday before flattening out to its current price in the mid-280s.

“There can be no certainty that an offer will be made nor as to the terms on which any offer might be made,” Raymarine stated in its release. “A further announcement will be made in due course.”

Raymarine products include satellite navigation for boats, autopilots, satellite radio and radar systems.

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