DBAY Advisors will not make offer for TT Electronics
15/12/2025 07:21
Dec 15 (Reuters) - DBAY Advisors, the biggest shareholder of TT Electronics TTG.L said on Monday that it does not intend to make an offer for the British company, withdrawing from a possible bidding war with Swiss firm Cicor CICN.S. The investment group, which last week said it was considering a takeover offer for TT Electronics, said that it continues to view Cicor's rival offer for TT as "unattractive" and plans to vote against that proposal. (Reporting by Nithyashree R B in Bengaluru; Editing by Mrigank Dhaniwala) ((NithyashreeRB@thomsonreuters.com))