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RARE ALERT: Telit Communications said to ... - Part 42

U-blox, the Switzerland-based semiconductor group, is said to have made a last-minute takeover approach to Telit Communications.

People following the situation said U-blox has submitted a fresh offer for Telit valuing the company at 260p a share in cash.

It's believed U-blox's offer is dependent on the the Swiss company getting approval from its own investors to raise the cash via an equity capital raising, said people following the situation...