Since Garmin says that there is "no certainty an offer would be made" to purchase Raymarine, but has nevertheless stated that any purchase offer would be in cash, I'm going to go out on a limb and make this newsworthy pronouncement:

If Navagear makes an offer to buy Raymarine, it will definitely be on credit. We just don't have enough cash on hand to buy Raymarine outright. But we could hit up some relatives, take out a second mortgage, and try to get some money together, I guess.

So there it is: Navagear is considering buying Raymarine! Tell Reuters. Tell Panbo.

Of course, just like Garmin, there is "no certainty an offer will be made." I'm just saying...