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Evening Standard

Holly Williams

TT Electronics says investor DBay has ‘different agenda’ in move against sale

DBAY TT TT Electronics Woking

TT Electronics revealed on Friday that DBay had made three takeover approaches for the firm in the past three months (Alamy/PA) -

TT Electronics has accused shareholder DBay Advisors of having a “different agenda” in its decision not to back the British manufacturer’s planned £287 million takeover.

On Thursday, Woking-based TT Electronics said it had agreed a takeover approach by Swiss rival Cicor Technologies.

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