Cicor Technologies makes final offer for TT Electronics with all-cash option
Investing.com -- Swiss electronics manufacturer Cicor Technologies Ltd (SIX:CICN) has made a final revised offer for UK’s TT Electronics Plc (LON:TTG), introducing an all-cash option of 150 pence per share alongside a share alternative.
The updated offer, which has received unanimous recommendation from TT Electronics’ board, provides flexibility for shareholders who may not wish to hold Swiss-listed shares.
The all-cash offer represents a 58% premium to TT’s closing price of 95 pence on October 29, 2025.
Under the revised terms, TT shareholders can choose between receiving 150 pence in cash for each share or elect to receive 0.0084 new Cicor shares. Based on Cicor’s three-month volume-weighted average closing price, the share alternative also values each TT share at 150 pence.
Cicor’s previous proposal had offered 100 pence per share in cash plus 0.0028 new Cicor shares. The company stated that the revised offer is final and will not be increased unless a competing bid emerges.
To maintain a conservative capital structure following the acquisition, Cicor plans to raise approximately CHF75 million through a share placing. The cash consideration will be financed by debt under a bridge facilities agreement.
