Betaville

RARE ALERT: Telit Communications said to ... - Part 41

The Telit Communications takeover saga is poised to draw to a close this week thanks to the hedge funds that recently bought up almost 8pc of the 'internet of things' company.

Private equity firm and activist investor Dbay has already sais that Tavira, one of the hedgies that recently came onto the shareholder register, is willing to back its 229.5p (£320 million) and now there is talk others, such as Sand Grove and Samson Rock, may be willing to fold, too, if there is no counter offer...