(Reuters) – Volex Plc on Friday said TT Electronics declined to engage with and rejected two takeover offers it submitted to the British electronic components maker.
Volex, the maker of power products and data connectivity cables, said the latest cash and stock proposal valued TT Electronics at 248.6 million pounds ($315.18 million), while the first offer comprised 62.9 pence in cash and 0.203 new Volex shares per TT Electronics share.
($1 = 0.7888 pounds)
(Reporting by Shanima A in Bengaluru; Editing by Abinaya Vijayaraghavan)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.