Swiss firm Cicor agrees to buy UK's TT Electronics in $385 million deal
30/10/2025 06:44
Oct 30 (Reuters) - Britain's TT Electronics TTG.L said on Thursday it agreed to the terms of a buyout proposal by Swiss firm Cicor Technologies CICN.S, which will value the company at about 287 million pounds ($385.18 million). Under the deal terms, each TT Shareholder will receive 100 pence in cash apiece and 0.0028 new Cicor shares. ($1 = 0.7451 pounds) (Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich) ((Yamini.Kalia@thomsonreuters.com))