TT Electronics (GB:TTG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
