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Wireless

Telit attracts takeover interest from Lantronix, DBAY Advisors

Tuesday 3 November 2020 | 10:52 CET | News
Telit Communications said it has received a takeover offer from Lantronix, a producer of IoT products and services. The offer was rejected but Telit said it is still in talks about a possible transaction "which could be in shareholder interests." Any possible deal would likely include Lantronix shares, the company added. Telit also confirmed it received a preliminary approach from asset management firm DBAY Advisors. 

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Categories: Mobile & Wireless
Companies: Telit Communications
Countries: World
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