Posts tagged: Telit Communications

Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 43

Tuesday, 31 August 2021, 6:55 pm

Today may be Telit Communications final day as a public company but that doesn't mean Betaville has given up on reporting on the business.

Indeed, this website can reveal that Oozi Cats, the founder of Telit Communications, has written to the company’s chairman to make several formal complaints about the £305 million takeover of the Aim-listed 'internet of things' business by private equity firm Dbay Advisors...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 40

Thursday, 22 July 2021, 11:01 am

One of Telit Communications largest shareholders plans to vote against Dbay's revised £320 million offer for the company.

This week Dbay increased its offer for Telit to 229.5p a share after delaying last week's shareholder vote when it became clear the private equity fund wouldn't have enough support to approve the scheme of arrangement to take the company private at the previously recommended 220p a share...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 39

Tuesday, 20 July 2021, 5:07 pm

Betaville notes activist private equity firm Dbay Advisers has just increased its offer for Aim-listed "internet of things company" Telit Communications by another £20 million.

Dbay is now offering 229.5p a share for Telit and also made it "final". The move comes after it became clear investors weren't going to back the last scheme of arrangement vote. Below is the link to the deal announcement:..

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 36

Saturday, 10 July 2021, 6:07 pm

One of the largest shareholders in Telit Communications is preparing to vote against Dbay's £300 million takeover offer for the Aim-listed 'internet of things' provider.

Betaville understands Oozi Cats, the founder of Telit who still owns around 12pc of the company, isn't going to vote for the sheme of arrangement at next week's shareholder meeting...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 35

Friday, 9 July 2021, 12:01 pm

This morning Dbay Advisers, the activist private equity firm trying to buy Telit Communications, said that Compass Asset Management is no longer supporting its 220p a share offer for the Aim-listed 'internet of things' company.

Dbay added that Compass - a little known fund manager based in Lugano, Switzerland - said it now plans to abstain in voting for the scheme of arrangement next week. Below is the link to the statement:..

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 34

Tuesday, 6 July 2021, 1:17 pm

It sounds like Dbay is a tad worried about a potential interloper coming in for Telit Communications, the Aim-listed 'internet of things' designer.

That's because word reaches Betaville that the activist investor and private equity firm may have struck an agreement with Telit to be able to sell the due dligence it carried out on the company to a rival acquirer should one emerge from the shadows...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 33

Tuesday, 29 June 2021, 3:46 pm

Betaville notes Richard Griffiths, dubbed the "Welsh Wizard" in London's Square Mile, has in recent days been converting his derivative position in Telit Communications into phyiscal equity.

One assumes the canny investor has done this so that he can vote the stock at the upcoming shareholder meeting on whether to accept Dbay's controversial 220p a share offer for the company...

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