Cicor's Proposed TT Electronics Takeover Falls Through

10:38 AM EST, 01/07/2026 (MT Newswires) -- Cicor Technologies (CICN.SW) said Wednesday its proposed cash and share acquisition of TT Electronics (TTG.L) lapsed after failing to secure the required shareholder approval. At court and general meetings held the same day, 51.77% of the British engineered electronics company's shareholders voted in favor of the scheme of arrangement linked to the deal, below the required majority of 75%, TT said in a separate same-day release. As a result of the deal termination, the Swiss electronic components company expects to book 5 million francs as operating expenses and a further 2 million francs in financial expenses in its 2025 income statement.