Telit Communications PLC - London-based internet-of-things products - 229.5p-per-share acquisition by DBay Advisors, worth around GBP308.4 million, is approved by High Court in England. All conditions for deal to go ahead now satisfied.
Telit shares to be cancelled in London on September 1, with suspension coming on August 31.
Last Thursday, deal was approved by the Committee on Foreign Investment in the US.
Current stock price: 228.50 pence
Year-to-date change: up 17%
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.