Raymarine share price rockets…

Garmin is the mystery bidder behind a takeover approach for Britain’s Raymarine Plc. Garmin’s approach could be worth as much as 200 million pounds ($389 million)

Raymarine Plc has two sites in Portsmouth, Hampshire. Corporate headquarters are based in Anchorage Park, and house the Factory service and Repair facility. Quay Point is the engineering and design headquarters. Raymarine floated on the London Stock Exchange on 6 December 2004, and was a landmark event in the long and successful history of Raymarine.

A number of private equity companies are also thought to be eyeing Raymarine, officials at Raymarine were not immediately available to comment.

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