DBAY Advisors mulls takeover offer for UK's TT Electronics, to vote against Cicor deal (updated)
09/12/2025 17:36
Adds response from TT Electronics in paragraph 5 Dec 9 (Reuters) - DBAY Advisors, the biggest shareholder of TT Electronics TTG.L, said on Tuesday it is considering a takeover offer for the company, and it intends to vote against Swiss firm Cicor's CICN.S final offer for the British company. The London-listed company said in October that it had rejected three unsolicited takeover proposals from DBAY, with the last one worth 130 pence per share. Cicor's final all-cash offer for TT Electronics is 150 pence per share, alongside an alternative that offers Cicor shares. Shares of TT Electronics ended 2.1% higher at 134 pence. TT Electronics said that it will not provide further information beyond what is already disclosed with respect to DBAY's announcement. Cicor and DBAY Advisors did not immediately respond to Reuters' requests for comment. (Reporting by Unnamalai L and Rishab Shaju in Bengaluru; Editing by Krishna Chandra Eluri and Alan Barona) ((Unnamalai.L@thomsonreuters.com))