Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 28

Friday, 19 March 2021, 1:31 pm

Telit Communications faces a shareholder backlash over Dbay's latest attempt to take the company private.

People following the situation said large shareholders in the Aim-listed 'internet things of designer' are furious about how talks with Dbay have transpired.

Yesterday, it emerged that Telit's board has given Dbay Advisors the opportunity to carry out due diligence on the business without indicating what price it would be prepared to recommend an offer.

Dbay Advisors subsequently announced it is considering making an offer for Telit at 206p a share...

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