Cheap valuation, merger arbitrage upside, and the chance of a higher bid make this a compelling watch
Update: Volex will not make an offer "as it is now clear that the Board of TT Electronics is not willing to recommend an offer at a valuation that is also acceptable to Volex."
https://www.londonstockexchange.com/news-article/VLX/statement-re-tt-electronics-plc/16809209
Here's a bit more on Volex Plc from another substack:
https://increasingodds.substack.com/p/volex-plc
https://increasingodds.substack.com/p/volex-plc-update
Update: Volex will not make an offer "as it is now clear that the Board of TT Electronics is not willing to recommend an offer at a valuation that is also acceptable to Volex."
https://www.londonstockexchange.com/news-article/VLX/statement-re-tt-electronics-plc/16809209
Here's a bit more on Volex Plc from another substack:
https://increasingodds.substack.com/p/volex-plc
https://increasingodds.substack.com/p/volex-plc-update