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Telit calls off merger talks with U-blox

2021-01-07 12:57:00| Telecompaper Headlines

(Telecompaper) Telit Communications has called off all takeover negotiations with U-blox, saying the proposed all-stock merger does not create enough value for shareholders going forward...

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Telit receives all-share takeover bid from U-blox

2020-11-20 09:41:00| Telecompaper Headlines

(Telecompaper) Telit Communications has announced the receipt of a preliminary all-share bid approach from Swiss company U-blox. Under the terms of the Proposal, Telit shareholders would receive U-blox shares with a value of GBP 2.50 per Telit share, which would result in Telit shareholders owning approximately 53 percent in the combined company, said Telit in a brief statement. "The board of Telit is considering the proposal and a further announcement will be made when appropriate," said Telit, adding that "the proposal assumes any such merger would be structured as an offer for Telit by U-blox."

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Telit parts company with another CEO

2018-09-21 02:00:00| Total Telecom industry news

Telit Communications on Friday announced that CEO Yosi Fait will step down with immediate effect. The announcement comes after pressure from a group of shareholders which called for the removal of Fait and another director…read more on TotalTele.com »

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