Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 31

Tuesday, 25 May 2021, 8:11 am

Have you ever seen a UK-listed company's board recommend a cash takeover offer for a business but at the same time stress it fundamentally undervalues the business?

Well, that is what has just happened this morning at Telit Communications, the Aim-listed 'internet of things' designer that can't stop generating controversy.

As loyal readers of this website know, activist investor Dbay Advisers has been stalking Telit for some time, putting the company in and out, and then back into an offer period...

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