RARE ALERT: Lantronix Inc said to ...

Lantronix, the US-listed 'internet of things' designer, is said to have teamed up with a financial sponsor with a view to submitting a fresh takeover approach for Aim-listed rival Telit Communications.

People following the situation said Lantronix and its advisers recently indicated it could be willing to offer up to 220p a share in cash for Telit to the company and its advisers at NM Rothschild...