TT Electronics tumbles as top shareholder scraps takeover offer

TT Electronics tumbles as top shareholder scraps takeover offer | Global Banking & Finance Review | GBAF

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Home > Finance > TT Electronics tumbles as top shareholder scraps takeover offer

Finance

TT Electronics tumbles as top shareholder scraps takeover offer

Published by Global Banking and Finance Review

Posted on December 15, 2025

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Tags:London Stock Exchange corporate governance financial markets Investment management Mergers and Acquisitions

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)

Frequently Asked Questions about TT Electronics tumbles as top shareholder scraps takeover offer

1What is a takeover offer?

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.

2What is corporate governance?

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.

3What is a bidding war?

A bidding war occurs when two or more parties compete to purchase an asset, driving up the price as they make increasingly higher offers.

4What is an unsolicited takeover proposal?

An unsolicited takeover proposal is an offer made to acquire a company without prior agreement or invitation from the company's management.

5What is market capitalization?

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.