Betaville Intelligence

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

Wednesday, 28 July 2021, 9:02 am

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.

People following the situation said advisers from Credit Suisse are working with U-blox on the bid...

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