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Telit hit by failed deal costs

Fri, 17th Dec 2010 12:28

Machine-to-machine (m2m) communications technology developer Telit Communications says that trading remains strong but its 2010 figures will be hit by $400,000 of costs relating to acquisition talks. That does not hamper the progress of the underlying business. Telit wants to be involved in the consolidation of the M2M market and it has been investigating a number of potential deals, including one that would significantly increase the size of the business.Telit has been unable to secure a deal on realistic terms so no acquisitions will be made this year. However, Telit continues to seek out opportunities.
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24 Mar 2021 09:55

Adjusted earnings improve as Telit focuses on cash generation

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18 Mar 2021 14:58

TRADING UPDATES: Mobile Streams revenue surges in first quarter

TRADING UPDATES: Mobile Streams revenue surges in first quarter

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17 Mar 2021 16:30

UK earnings, trading statements calendar - next 7 days

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20 Jan 2021 20:08

IN BRIEF: Telit Communications 5G Modules Get Verizon Certification

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19 Jan 2021 15:30

LONDON TRADING UPDATES: Aptitude Software To Beat Forecasts In 2021

LONDON TRADING UPDATES: Aptitude Software To Beat Forecasts In 2021

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18 Jan 2021 17:21

U-blox Confirms No Intention To Make Offer For Telit Communications

U-blox Confirms No Intention To Make Offer For Telit Communications

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7 Jan 2021 14:16

IN BRIEF: Telit Communications Breaks Off Merger Talks With u-blox

IN BRIEF: Telit Communications Breaks Off Merger Talks With u-blox

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7 Jan 2021 10:47

Telit Communications terminates talks with u-blox

(Sharecast News) - Telit Communications has terminated talks with Swiss semiconductors company u-blox about a possible offer for the Internet Of Things communications group.

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18 Dec 2020 11:07

IN BRIEF: u-blox Still Sees Strong Reason To Buy Telit Communications

IN BRIEF: u-blox Still Sees Strong Reason To Buy Telit Communications

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17 Dec 2020 19:37

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

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15 Dec 2020 14:49

IN BRIEF: DBAY Pulls Out Of Telit Communications Takeover Battle

IN BRIEF: DBAY Pulls Out Of Telit Communications Takeover Battle

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7 Dec 2020 11:58

Telit Communications Says DBAY Takeover Price Suggestion Too Low

Telit Communications Says DBAY Takeover Price Suggestion Too Low

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7 Dec 2020 09:34

Telit rejects £259m cash approach from Dbay

(Sharecast News) - Telit rejected a £259m takeover approach from Dbay Advisors but said it was still in talks with the private equity firm and u-blox about a possible deal.

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7 Dec 2020 08:26

LONDON BRIEFING: M&A Provides Market Interest As Brexit Talks Drag On

LONDON BRIEFING: M&A Provides Market Interest As Brexit Talks Drag On

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4 Dec 2020 16:57

IN BRIEF: Largest Telit Shareholder Unveils New Potential Offer

IN BRIEF: Largest Telit Shareholder Unveils New Potential Offer

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