Published: October 31, 2025 at 8:55 am
A shareholder in TT Electronics Plc says it will reject the £287 million takeover offer from Swiss electronics firm Cicor Technologies Ltd.
DBAY, which owns a 16.5% stake in TT, said it is “not supportive of the acquisition”.
TT responded by revealing that it had rejected three “highly conditional” offers from DBAY for the company in the last three months, adding: “Against this background, the board of TT believes that DBAY may in some respects have a different agenda to other TT shareholders.”