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The latest announcement is out from Volex plc ( (GB:VLX) ).
Volex plc has announced that it will not pursue an acquisition of TT Electronics plc, following an earlier announcement. The decision is based on TT Electronics’ board’s unwillingness to recommend an offer that aligns with Volex’s valuation expectations. Despite this, Volex remains confident in achieving its full-year expectations and continues to focus on its long-term strategic plan, reflecting a disciplined approach to capital allocation.
More about Volex plc
Volex plc operates in the electronics industry, specializing in the manufacturing and supply of complex cable assemblies, connectors, and power products. The company focuses on serving a diverse range of markets including data centers, telecommunications, and medical sectors.
YTD Price Performance: -9.00%
Average Trading Volume: 560,800
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £517.4M
See more data about VLX stock on TipRanks’ Stock Analysis page.