Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

IN BRIEF: Telit Communications takeover gets final approval

26th Aug 2021 19:23

Telit Communications PLC - London-based internet-of-things products - 229.5p-per-share acquisition by DBay Advisors, worth around GBP308.4 million, is approved by High Court in England. All conditions for deal to go ahead now satisfied.

Telit shares to be cancelled in London on September 1, with suspension coming on August 31.

Last Thursday, deal was approved by the Committee on Foreign Investment in the US.

Current stock price: 228.50 pence

Year-to-date change: up 17%

By Paul McGowan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


Related Shares:

TCM.L
FTSE 100 Latest
Value8,474.74
Change-133.74