TT Electronics faces uncertainty amid takeover bid drama

2 days ago

Louise Moon

"Yeah, absolutely plunging uh in London today. uh a bit of a potentially a niche name, not necessarily kind of widely known, but TT Electronics um a smaller firm here here in the UK, an electronics maker. They've been the center of a bit of a takeover battle for the last few weeks. So, uh firstly, there was a Swiss firm that bid for TT Electronics and then one of their key shareholders, DBay Investors, weren't keen essentially on that going through and said that they themselves would make an offer. they already hold 20 just over 25 24% stake in TT Electronics. So they said that they they would make a rival offer. Uh and then as of this morning they have said that that they won't."

The commentary outlines a turbulent scenario at TT Electronics, where shares are plunging amid a takeover battle. The narrative focuses on the competing bids and shareholder dissent, highlighting uncertainty over the Swiss firm's offer and its potential impact on the company's future.

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