Telit Communications Share Discussion Threads

[beergut] 01/8/2021 14:09

How can this be legal?

[techno20] 01/8/2021 10:12

RNS tomorrow??? STOCKS TO WATCH: Is new bidder a stumbling block for Telit Communications takeover? By ALEX LAWSON, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 31 July 2021 | UPDATED: 21:50, 31 July 2021 e-mail View comments Another twist emerges in the tumultuous takeover of tech firm Telit Communications. Last month, this column revealed that shareholder and former boss Oozi Cats was holding out against the £2.29½p-ashare bid from AIM listed private equity firm DBay Advisors. That takeover was approved by shareholders last week but City sources said Swiss chip company U-blox had made a last-ditch effort to mount a £320million-plus counter-offer. Crossed wires: Why the U-blox approach was not disclosed to the market by Telit or the Swiss firm remains a mystery +2 Crossed wires: Why the U-blox approach was not disclosed to the market by Telit or the Swiss firm remains a mystery They said U-blox, which is advised by Credit Suisse, offered £2.60 a share in cash for Telit shortly before the vote. Why the U-blox approach was not disclosed to the market by Telit or the Swiss firm remains a mystery. With 75 per cent of Telit's shareholders approving the Dbay offer, it appears a done deal. Still, an outside chance remains it could be blocked at the court hearing to sanction the scheme of arrangement. Telit declined to comment and U-blox did not respond.

[tonysss13] 28/7/2021 09:10

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. Telit's investors are set to decide today at a shareholder meeting on whether to approve a 229.5p a share offer from private equity firm Dbay Advisers.

[techno20] 20/7/2021 20:40

Looks like game over. Pleased that DBay didn’t have it all their way and got squeezed a bit! GLA with what comes next.

[beergut] 15/7/2021 12:28

If the deal is rejected by shareholders the I would have thought the whole board would need to step down. They would have shown they are not in tune with the business or its shareholders

[techno20] 14/7/2021 08:12

Stitch-up clearly proving hard to sell in!

[techno20] 10/7/2021 22:55

Another 12% against. https://www.thisismoney.co.uk/money/markets/article-9776347/Telit-founder-threatening-scupper-300m-private-equity-led-takeover.html

[techno20] 09/7/2021 08:32

Won’t make a huge impact on the sums, but for the record have voted against.

[af004] 06/7/2021 14:24

News coming?

[peanut100] 25/6/2021 09:16

Serious buyer on order book in blocks. Is it Short covering, another bid due or a higher bid by DBAY as can't get enough control percentage wise with such a low bid?

[af004] 25/6/2021 08:19

Anyone have any thoughts what to do here? Are we expecting another bid?

[weatherman] 09/6/2021 15:38

Need a statement as there is a false market emerged.

[ny boy] 09/6/2021 15:18

Higher bid? Someone knows something, mums the word!🤔

[beergut] 09/6/2021 14:52

Is it not illegal to buy shares if you know something is coming but the public don't I could be wrong

[af004] 09/6/2021 14:47

Must be coming.

[beergut] 09/6/2021 14:34

Why the 3% price rise?Any news out there?

[beergut] 02/6/2021 14:10

Why are the Board agreeing to sell this company below fare value. If they don't like their jobs they can resign and new directors who want to run the can take over. More news today LONDON, June 2, 2021 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced an expansion of its partnership with Hi-Mix Eletrônicos S/A, an Electronic Manufacturing Service (EMS) provider in Brazil, to include production of LTE modules. The expansion directly benefits Telit customers in Latin America by enabling them to take advantage of two major tax credits for modules manufactured in Brazil.

[weatherman] 01/6/2021 08:57

Why is the price now 228p ? A Fin Adv. for DBAY has paid 225.75 p in a buy and sell trade.

[weatherman] 31/5/2021 21:03

https://www.ft.com/content/c1201438-5f66-46e6-81b2-35870aabfa43

[beergut] 28/5/2021 12:59

Given Cats past the City regulator needs to look into this deal, based on price and if it is designed to allow a chines company to take control out of the reach of government regulations.

[weatherman] 28/5/2021 12:35

DBAY backed by Chinese co to take over TCM. https://www.thisismoney.co.uk/money/markets/article-9622677/US-fugitive-Oozi-Cats-eyes-40m-windfall-Telit-sell-off.html

[weatherman] 27/5/2021 09:46

Barry St seem to be increasing their holding - above offer price.

[muchodinero] 26/5/2021 21:27

Actually it could be someone else according to the recent article? https://www.thisismoney.co.uk/money/markets/article-9482545/STOCKS-WATCH-1bn-bid-winning-formula-Elementis.html