Company News 

Telit: up for sale?

Telit: up for sale?

Shares in Telit Communications (TCM) are on the rise, amid speculation that a potential takeover may be on the cards. Investors will surely be grateful to see some potential upside for their stock, after the tech group's well-documented summer of discontent. Shares in the enabler of the Internet of Things had been hammered following weaker-than-expected half-year results, the departure of former chief executive Oozi Cats and disappointing financial guidance for the year ending December 2017.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now