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Doisy & Dam appoints fmcg veteran Mike Hedges as chairman thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
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Telit Communications succumbs to DBAY If the bid succeeds then it will bring to an end a colourful time as a publicly listed company for Telit The board of Telit Communications PLC (LON:TCM) has been worn down by DBAY and is recommending acceptance of 220p a share takeover. The bid by funds managed by DBAY values the Internet of Things enabler at around £307mln. Shares in the technology company currently trade at 225p, up 11.4% on the day. The Telit board has recommended acceptance of the offer even though, according to DBAY’s statement, the Telit directors consider the cash offer “undervalues Telit and its longer-term prospects”. ....