Hytera Corporation bids to Acquire Sepura
Hytera confirmed to the Sepura board that any offer was likely to be solely in cash.
Sepura confirms it is in talks with Chinese company Hytera Communications Corporation Ltd.
Late today, Sepura issued a statement on London Stock Exchange confirming it was in preliminary talks with Hytera regarding a possible offer for the entire issued and to be issued share capital of the company.
Sepura revealed the takeover talks after its share price spiked more than 25 per cent having nosedived in recent times due to cashflow issues and order delays.
Hytera confirmed to the Sepura board that any offer was likely to be solely in cash. The usual caveats were issued that there was no certainty any deal would go through and shareholders would be updated on new developments.
Founded in 1993 in Shenzhen, China, Hytera has grown to be a key player in the PMR (Professional Mobile Radio) communication industry with a large customer base in more than 120 countries and regions across the world.
