Norsat International shareholders vote to approve Hytera Communications deal

VANCOUVER — Norsat International Inc. (TSX:NII) says its securityholders have voted to approve a controversial takeover of the company by Chinese company Hytera Communications Co. Ltd.The Canadian satellite communications firm says its securityholders voted 72.53 per cent in favour of the offer of US$11.50 per share.The deal has been the focus of a debate over national security risks and the federal government’s willingness to approve a Chinese takeover of a Canadian technology company.Prime Minister Justin Trudeau has said Canada consulted the U.S., a major Norsat customer, before concluding that Hytera’s takeover doesn’t pose any national security concerns.Norsat says the deal is still subject to approval by the B.C. Supreme Court as well as other regulatory approvals and certain other closing conditions.U.S. investment fund Privet Fund Management LLC, a major Norsat shareholder, had made a rival bid for the company and voted against deal. read more

Tagged sharks tweet alerts to help warn Australian beachgoers

first_imgSHARKS THAT SWIM close to any popular beaches on the south west coast of Australia will tweet their location, warning beachgoers of their presence.Australia’s Department of Fisheries has installed 19 satellite-linked monitors off the coast of Perth, Bunbury, Meelup and Albany. It has tagged 338 sharks that will tweet alerts whenever they come close to a popular swimming area.Whenever a tagged shark comes close to a major beach, an alert is sent to the Surf Life Saving WA Twitter account.These alerts provide details of the shark such as its size, its breed, location and the time it appeared. The alerts will only happen when tagged sharks appear in the monitored areas.(Image: SLSWA/Twitter)The system is to help both improve public safety and as well as research the movements of great white sharks, tiger sharks and whale sharks.It’s also one of a number of measures the country has taken to help reduce the number of shark attacks. The Australian government was criticised last month after it pledged to hunt down large sharks that enter popular swimming areas.Baited drum lines will be placed one kilometre from the shore to attract and catch sharks more than three meters in length. The lines will be in place initially from January to April.Read: Man killed in shark attack off South African coast >Read: Man gets in fist-fight with shark… and wins >last_img read more