16 September 2024 - rejection of offer
The company has announced that it has received two proposals from ABC Technologies Inc for a possible takeover of the company with a cash offer of 165p per share being received on 22 August and a further, improved offer of 176p per share being received on 4 September. The Board of TI has rejected both proposals as not reflecting the value of the company and we agree with this view. We last commented on the shares on 8 August when we rated the shares as a buy at 127p as they were standing on . . .
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