RARE ALERT: Telit Communications said to ... - Part 29
An American company is circling Telit Communications, the Aim-listed 'internet of things' designer.
People following the situation said a US-listed firm is working with advisers from Barclays on a possible combination with Telit.
The firm is said to have approached senior executives at Telit in recent weeks, said people following the situation.
Last year Lantronix, a US-listed group backed the billionaire founder of Microsemi, made an approach for Telit. Sierra Wireless, a Canada-listed IoT group, has also been rumoured to be interested in buying Telit...
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