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 the Committee on Foreign Investment in the US. Completion remains subject to a court approval at a hearing next Thursday. Telit will then delist from AIM in London on August 31.
Current stock price: 228.50 pence, up 2.5% on Thursday
Year-to-date change: up 17%
By Ivan Edwards; ivanedwards@alliancenews.com
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