Thrane & Thrane has received an unsolicited approach from a third party, who has expressed a non-binding interest in acquiring a majority interest in the company. The indication of interest received lists certain conditions to be met, before committing to a formal offer.
Although no assurances can be given that the approach will ultimately lead to a bid, the Board has unanimously decided to initiate a strategic review in order to fulfill its fiduciary duties to serve the best interest of the company and all its stakeholders.
The Board plans to announce the result of the strategic review no later than May 14, 2012.
For further information, please contact
Waldemar Schmidt, Chairman of the Board
T.: +41 77 448 8424
About Thrane & Thrane
Thrane & Thrane is the world’s leading manufacturer of equipment and systems for global mobile satellite and radio communication. Since its incorporation in 1981, the company has achieved a leading position within global mobile satellite services based on the Inmarsat system. The company provides equipment for use everywhere – on land, at sea and in the air. The company's communication products are marketed worldwide under the brands Thrane & Thrane, EXPLORERTM, SAILOR® and AVIATOR through distributors and partners. The company’s shares are listed on NASDAQ OMX Copenhagen (THRAN). www.thrane.com.
