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.
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