12 December 2024 - statement re TT Electronics
The group has issued a statement confirming that it does not intend to make an offer for TT Electronics as the directors of the latter would not recommend a bid at a price suitable to both parties. Shares in Volex have bounced on the news but still stand some way below the level of 345p they were at before news of the bid approach and we therefore feel there is scope for further share price appreciation. BUY.
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