RARE ALERT: Telit Communications said to ... - Part 42
U-blox, the Switzerland-based semiconductor group, is said to have made a last-minute takeover approach to Telit Communications.
People following the situation said U-blox has submitted a fresh offer for Telit valuing the company at 260p a share in cash.
It's believed U-blox's offer is dependent on the the Swiss company getting approval from its own investors to raise the cash via an equity capital raising, said people following the situation...