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Wireless

Telit calls off merger talks with U-blox

Thursday 7 January 2021 | 12:57 CET | News
Update: 8 January 2021 | 08:45 CET
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. "Given that the group is confident in its prospects, is well capitalized, and has a strong position in a growing market segment, the board remains confident it can deliver growth in shareholder value as an independent entity," the company said.

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[08/01/2021 08:45- Update: added statement from U-blox]


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Categories: Mobile & Wireless
Companies: Telit Communications / U-blox
Countries: World
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