Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 26

Wednesday, 17 March 2021, 11:14 am

Dbay Advisors is said to be back in talks with Telit Communications about a takeover offer for the Aim-listed 'internet of things' designer.

People following the situation said Dbay, which has in recent weeks built up a shareholding of over 26pc in Telit, has been carrying out due diligence on the company with a view to making a formal recommended offer for the business.

Late last year Dbay, an activist investor that also carries out private equity deals, approached Telit's board with an 190p a share indicative offer for the group but the bid was rejected by the company...

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