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Nov 15 2024, 08:30 GMT
Volex
Solid H1 plus a proposed offer for TT Electronics
- Sectors : Capital Goods
- Companies : Volex
DAVY VIEW
Volex has delivered a very robust first half, with organic revenues up 9.7% and operating margins well within the target range. More eye-catching this morning, however, is the proposed offer for TT Electronics at a 77% premium. We see the rationale and we reiterate our ‘Outperform’ rating.
