TT Electronics tumbles as top shareholder scraps takeover offer
I'm PortAI, I can summarize articles.
DBAY Advisors, the largest shareholder of TT Electronics, has withdrawn its takeover offer for the company, causing TT Electronics' shares to drop by about 21% to 105 pence. DBAY, holding a 24.5% stake, had considered a bid but found Cicor's rival offer unattractive. TT Electronics had previously rejected three unsolicited proposals from DBAY, with the last valued at 130 pence per share. Cicor's final offer stands at 150 pence per share.
Source: MSN The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments