{"id":161685,"date":"2021-01-07T16:28:40","date_gmt":"2021-01-07T16:28:40","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=305938"},"modified":"2021-01-07T16:28:40","modified_gmt":"2021-01-07T16:28:40","slug":"telit-breaks-off-u-blox-takeover-talks","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/01\/07\/telit-breaks-off-u-blox-takeover-talks\/","title":{"rendered":"Telit breaks off u-blox takeover talks"},"content":{"rendered":"

<\/p>\n

\tTelit Communications dropped out of takeover talks with rival IoT company u-blox citing inability to agree terms, though other suitors appeared to still be in the running for the UK-headquartered company.<\/p>\n

In a statement, Telit explained its board recognised the \u201cindustrial logic\u201d of a tie-up with u-blox, but decided to walk away after \u201cextensive talks\u201d made it clear they would not be able to agree \u201cterms which would ensure value creation” for its shareholders.<\/p>\n

It added \u201ca protracted period of uncertainty and distraction\u201d related to extended negotiations would not be \u201cin the best interests of Telit or any of its stakeholders\u201d.<\/p>\n

The company said it remains confident in its prospects and growth potential as an independent entity.<\/p>\n

U-blox made an all-share offer [1] for Telit in November 2020, adding to interest [2] the company received from from asset management company DBay Advisors and hardware company Lantronix.<\/p>\n

In December 2020, Telit said DBay Advisors’ offer undervalued the company, but said negotiations would continue.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/u-blox-enters-telit-takeover-fray
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/telit-courted-by-dbay-advisors-lantronix<\/p>\n\n

\\\"IT\u96fb\u8166\u88dc\u7fd2
\u7acb\u523b\u8a3b\u518a\u53ca\u5831\u540d\u96fb\u8166\u88dc\u7fd2\u8ab2\u7a0b\u5427!<\/figcaption><\/figure>\r\n<\/br>Find A Teacher Form:\r\n<\/br>https:\/\/docs.google.com\/forms\/d\/1vREBnX5n262umf4wU5U2pyTwvk9O-JrAgblA-wH9GFQ\/viewform?edit_requested=true#responses\r\n<\/br><\/br>Email:\r\n<\/br>public1989two@gmail.com






\r\nwww.itsec.hk<\/a>
\r\nwww.itsec.vip<\/a>
\r\nwww.itseceu.uk<\/a>
<\/p>","protected":false},"excerpt":{"rendered":"

Telit Communications dropped out of takeover talks with rival IoT company u-blox citing inability to …<\/p>\n

The post Telit breaks off u-blox takeover talks<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":245,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Telit breaks off u-blox takeover talks - ITTeacherITFreelance.hk","description":"Telit Communications dropped out of takeover talks with rival IoT company u-blox citing inability to ... The post Telit breaks off u-blox takeover talks appeare"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/161685"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/245"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=161685"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/161685\/revisions"}],"predecessor-version":[{"id":161686,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/161685\/revisions\/161686"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=161685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=161685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=161685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}