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Evening Standard
Evening Standard
Anna Wise

TT Electronics rejects takeover approach worth £250m by Lord Rothschild’s Volex

TT Electronics Electronics Jacob Rothschild Woking
Almost three-quarters of respondents to the Make UK survey expected their energy costs to increase this year (Alamy/PA) -

Lord Nat Rothschild’s Volex group has made a potential offer worth £250 million to buy TT Electronics, which he said has been troubled by “missteps” taken by its leadership team.

Shares in Woking-based TT Electronics soared by more than a third following the announcement.

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