Cicor one step away from taking over TT Electronics

Cicor Technologies has announced new terms for the acquisition of TT Electronics. Following discussions with the British company and its key shareholders, Cicor presented a final offer of 150 pence per share in cash, with the option to choose a partial settlement in Cicor shares. The Board of TT Electronics unanimously recommends accepting the proposal. Cicor stated that the modified terms, which replace the previous mixed model with an all-cash offer, are intended to meet the expectations of investors who do not wish to hold shares listed in Switzerland. If shareholders approve the acquisition, the transaction will create the world's largest global EMS provider in the high-mix, low-volume manufacturing segment