UK firm Volex made two rejected bids to acquire TT Electronics for £249 million.

UK firm Volex has made two rejected takeover bids for TT Electronics, offering around £249 million in a cash and shares deal. Volex's chairman urged TT Electronics to reconsider, highlighting the company's operational challenges and significant share price drop since early 2018. TT Electronics, which recently cut its profit forecast, rejected the offers without engaging with Volex.

November 15, 2024
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