Finance
TT Electronics tumbles as top shareholder scraps takeover offer
Published by Global Banking and Finance Review
Posted on December 15, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 15, 2025
1 min readLast updated: January 20, 2026
TT Electronics shares fell 21% after DBAY Advisors withdrew its takeover offer, leaving Cicor's 150 pence per share bid as the only option.
Dec 15 (Reuters) - DBAY Advisors, the biggest shareholder of TT Electronics, said on Monday that it does not intend to make an offer for the British company, withdrawing from a possible bidding war with Swiss firm Cicor.
Shares in TT Electronics fell about 21% to 105 pence in early trading.
DBAY Advisors, which holds a 24.5% stake in TT, said last week it was considering a takeover offer for TT Electronics, and that it continues to view Cicor's rival offer for TT as "unattractive" and plans to vote against that proposal.
London-listed TT Electronics had said in October that it rejected three unsolicited takeover proposals from DBAY, the last of which was valued at 130 pence per share.
Cicor's final all-cash offer for TT Electronics is 150 pence per share, alongside an alternative that offers Cicor shares.
TT Electronics and Cicor did not immediately respond to Reuters' request for comment.
(Reporting by Nithyashree R B in Bengaluru; Editing by Mrigank Dhaniwala and Eileen Soreng)
A takeover offer is a proposal made by an individual or company to acquire a controlling interest in another company, typically through the purchase of its shares.
Corporate governance refers to the systems and processes by which companies are directed and controlled, focusing on the relationships among stakeholders and the goals of the organization.
A bidding war occurs when two or more parties compete to purchase an asset, driving up the price as they make increasingly higher offers.
An unsolicited takeover proposal is an offer made to acquire a company without prior agreement or invitation from the company's management.
Market capitalization is the total market value of a company's outstanding shares, calculated by multiplying the share price by the total number of shares.
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