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Garmin Ltd. announces a cash offer of 15 pence per share to acquire the entire share capital of Raymarine plc, subject to the satisfaction or waiver, if applicable, of certain pre-conditions.   The Offer represents:   -           a 436 per cent. premium to the average share price of 2.8 pence per Raymarine Share in the three-month period ending on the day prior to the announcement of a possible offer for Raymarine on 11 March 2010;   -           a 366 per cent. premium to the share price of 3.22 pence per Raymarine Share on the day prior to the announcement of a possible offer for Raymarine on 11 March 2010;   -           a 275 per cent. premium to the possible amount of approximately 4 pence per Raymarine Share that would be available for return to Raymarine Shareholders under the non-offer proposal referred to in Raymarine's announcement dated 21 April 2010;   -           a 152 per cent. premium to the share price of 5.95 pence per Raymarine Share as at the close of business on 27 April 2010, the closing price on the day prior to the date of this announcement; and   -           total consideration to Raymarine Shareholders of approximately £12.5 million, implying an enterprise value of £104.1 million (based upon the Raymarine Group's last published net debt figure of £91.6 million as at 30 October 2009).   Commenting on the Acquisition, Dr Min H. Kao, the Chairman and CEO of Garmin, said:   "Garmin has long admired Raymarine and I am therefore pleased to be announcing what we believe is a compelling offer to acquire the company.  Raymarine's portfolio of products is highly complementary to our own. The combination will bring positive benefits to the marine electronics market place and we look forward to working with the Raymarine board in the implementation of the Offer and thereafter with Raymarine's management and employees to make the combination a success."     The receipt of certain merger control approvals is a pre-condition to the making of the Offer and the Offer, if made, will be conditional on receipt of certain merger control approvals.  Notifications are being made to relevant regulatory authorities and Garmin expects to obtain the necessary merger control approvals in relation to the Offer.   This Announcement is for information purposes only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice in any jurisdiction. Any offer, invitation or inducement to acquire or dispose of any securities of Raymarine will be made solely by means of the Offer Document and associated documents expected to be published on satisfaction (or waiver) of the Pre-conditions. Raymarine Shareholders are urged to read the Offer Document and associated documents before making any decision regarding the proposed transaction, including any decision to keep, buy or sell Raymarine Shares, should be made solely on the basis of the information contained in such documents.  The Offer Document and related documents, once published, may be obtained from Garmin's website at     www.garmin.com or on request from Garmin.    

  Garmin VIRB®X Marine Bundle - VIRB®X, 10M Rugged Marine Power Cable & Float The VIRB X action camera shoots rich, high-definition, wide-angle footage at   1080p30, 12 megapixel photos at up to 10 frames per second, and captures more   of your action. Designed for the toughest environments, VIRB X is able to dive to   50 meter depths without a case, allowing capture of cleaner and clearer audio.   Powered by Garmin GPS, G-Metrix allows you to track and overlay how fast, how   far, how high and how intense the moment truly was.       Garmin quatix 3® Marine GPS Smartwatch Equipped with important cruising, fishing and sailing capabilities, its appearance commands attention, even on land. More than a watch, its a wearable instrument that streams data from compatible Garmin electronics. This smartwatch features a fish catch counter and competition timer, race timer, start line and tack assist for sailors, plus an anchor watch to warn you of drifting. Delivers smart notifications for emails, text messages and more. It can even control your FUSION® stereo system. Also includes activity tracking and multisport functions for running, hiking, swimming and more.       Garmin Nautix™ In-View Display   Garmin Nautix™ enhances mariners' situational awareness by putting important information in their optimum viewing position, either below or above their direct line of sight, without being an obstruction. It is ideal for fishing, sailing and cruising. The versatile design of Garmin Nautix  attaches to most eyewear, and it displays key boating data, including speed, heading, water depth and temperature, wind direction, engine RPM and more from a compatible onboard Garmin device.     Specials     Rebates    Close Outs     Remanufactured

We have had some interesting news regarding the Garmin Nuvi 255W.   From what we now understand, Garmin is releasing this unit in June or July to the brick & mortar stores that order direct from Garmin.  The rest of us that receive our products through a distributor are being held off until October for deliveries. We have contacted Garmin several months ago and talked with them about becoming a direct dealer.  We were told we get better prices through our distributor, because we would not buy 2000 of each unit. How this will end is really up for grabs.  Our distributor, one of the biggest in the nation, is in talks with Garmin over this situation.     We are like every other company.  We put everything on our web site; the differance is we keep our customers informed of prolonged delays.  We will gladly refund our customer's money if our customers would like to cancel any order due to prolonged shipping delays. 

keywords: garmin, garmin virb, garmin virb elite, garmin hd camera, garmin camera  

Garmin Ltd. is conducting a voluntary product safety recall of the 2009 version of its marine cartography data card known as BlueChart g2 and g2 Vision.   The affected data cards were sold between April 8 and June 3. In certain waters, the data card provides inaccurate indications of the depth of the water, which creates a risk of boats going aground, according to the company.   Garmin says it has only received reports of data cards giving inaccurate depth indications in the waters along the coast of Sweden and Denmark. Nevertheless, the company says it decided to issue a global recall. Affected products are the 2009 version of the BlueChart g2 in Garmin proprietary card format, BlueChart g2 in microSD/SD card format and BlueChart g2 Vision in microSD/SD card format.   Affected customers will be provided with a free replacement BlueChart or BlueChart g2 Vision v2008.5. When the 2009 version has been corrected, Garmin intends to make it available free of charge to those customers.   Click here for information.  

  Keywords: Garmin, Garmin GPS, GPS, Garmin Chartplotter, Chartplotter, Garmin Fishfinder, Fishfinder, Chart Plotter, Fish Finder