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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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

Comments

  • robin.gillingham-hotmail.co.uk6 months ago

    Hi Ben, Many thanks for your reports on the proposed acquisition of Telit. I have been receiving your alerts since last year and have today sold my shares in Telit on this latest offer, strange though it is. Keep up the good work in digging up these hidden gem stories. Kind regards, Robin

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