DBAY Advisors Weighs TT Electronics Acquisition

Dow Jones12-10
 

By Billy Gray

 

DBAY Advisors said it is considering a potential offer for all issued and to-be-issued ordinary shares of TT Electronics, in which it holds a 24.5% stake.

The U.K. asset-management firm also said Tuesday that it expects to vote against the offer Swiss company Cicor Technologies made last month to acquire TT Electronics, as it considered the terms of that offer unattractive.

DBAY said its potential offer would exclude shares already owned by funds it manages or advises.

TT Electronics said in November, following talks with its major shareholders, that it agreed to a revised 267.18 million-pound ($355.9 million) takeover by Cicor Technologies that gave shareholders the chance to take cash.

 

Write to Billy Gray at william.gray@wsj.com

 

(END) Dow Jones Newswires

December 09, 2025 12:16 ET (17:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment