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  Raymarine-Garmin Deal Off

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Author Topic:   Raymarine-Garmin Deal Off
David Pendleton posted 12-18-2009 04:42 PM ET (US)   Profile for David Pendleton   Send Email to David Pendleton  
I'm hoping [the announcement from Raymarine that talks with Garmin about aquisition of Raymarine have ended] is a good thing. I wasn't too thrilled with a Garmin deal.

http://tinyurl.com/yjkk2tn

jimh posted 12-18-2009 08:59 PM ET (US)     Profile for jimh  Send Email to jimh     
The future of Raymarine as a marine electronics manufacturer does seem to be a bit in doubt due to their financial situation. The value of their stock has declined 95-percent from its peak. However, their marine electronic products are generally excellent and are considered top-rate.
jimh posted 12-20-2009 10:16 AM ET (US)     Profile for jimh  Send Email to jimh     
Although Raymarine has said the deal is off with Garmin, it sounds like there maybe another interested buyer. See:

http://www.rttnews.com/ArticleView.aspx?Id=1161733

Peter posted 12-21-2009 07:17 PM ET (US)     Profile for Peter  Send Email to Peter     
The latest article doesn't really say much. My reading of these "tea leaves" is that the future for Raymarine looks pretty bleak.

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