Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 12

Monday, 2 November 2020, 3:10 pm

Telit Communications, the Aim-listed internet of things designer, is said to be "in play", with Canadian rival Sierra Wireless, activist investor Dbay and a mystery private equity firm all rumoured to be "actively" circling the business.

People following the situation have heard speculation Sierra Wireless may have already recently offered around 206p a share for Telit.

The rumoured offer is said to be part paper, part cash, with 60pc offered in Sierra Wireless stock and the remaining 40pc in cash, said these people...

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