TT Electronics (GB:TTG) has released an update.
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TT Electronics has rejected an unsolicited acquisition proposal from Volex plc, which valued its shares at 135.5 pence each, deeming it to undervalue the company. The board also declined a higher cash offer from another party, indicating confidence in its long-term prospects. Shareholders are advised to remain patient as further announcements may follow.
For further insights into GB:TTG stock, check out TipRanks’ Stock Analysis page.