Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 39

Betaville notes activist private equity firm Dbay Advisers has just increased its offer for Aim-listed "internet of things company" Telit Communications by another £20 million.

Dbay is now offering 229.5p a share for Telit and also made it "final". The move comes after it became clear investors weren't going to back the last scheme of arrangement vote. Below is the link to the deal announcement:..

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Date: Tuesday, 20 July 2021, 5:07 pm

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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