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An announcement from Cicor Technologies ( (CH:CICN) ) is now available.
Cicor Technologies Ltd has revised its acquisition offer for TT Electronics Plc, proposing a final all-cash offer of 150 pence per share, with a share alternative, which is supported by TT’s board of directors. This revised offer provides TT shareholders with greater flexibility to choose between cash or new Cicor shares, addressing concerns from shareholders who prefer not to hold Swiss-listed shares. The acquisition, if approved, will create the largest pure-play global EMS business in the high-mix, low-volume segment, enhancing Cicor’s industry positioning and offering significant benefits to stakeholders.
The most recent analyst rating on (CH:CICN) stock is a Buy with a CHF210.00 price target. To see the full list of analyst forecasts on Cicor Technologies stock, see the CH:CICN Stock Forecast page.
More about Cicor Technologies
Cicor Technologies Ltd is a globally active provider of full-cycle electronic solutions, offering services from research and development to manufacturing and supply chain management. With approximately 4,400 employees in 13 countries, Cicor serves leaders in the medical, industrial, and aerospace & defense industries. The company is known for its customer-specific development solutions, high-tech components, and electronic device manufacturing. Cicor’s shares are traded on the SIX Swiss Exchange.
Average Trading Volume: 13,104
Current Market Cap: CHF819.3M
Learn more about CICN stock on TipRanks’ Stock Analysis page.