Cicor Technologies Revises Offer for TT Electronics with New Cash Alternative

Cicor Technologies Ltd. has revised its acquisition offer for UK-based TT Electronics Plc. The new proposal introduces a final all-cash offer of 150 pence per share, with an alternative to receive Cicor shares. This adjustment follows dialogues with TT's board and major shareholders. The updated offer is backed by TT's board.

TT shareholders can now choose between full cash compensation or opt for new Cicor shares, reflecting original financial terms. The all-cash offer represents significant premiums over TT's previous share prices. Funding will involve additional debt and a new Cicor shares placement, maintaining capital structure balance.

Upon approval, the merger could establish the largest global EMS firm in its segment, leveraging TT's strengths in key markets. Further acquisition details will be released by 27 November 2025.