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Sepura in the crosshairs
A takeover battle could emerge at struggling walkie talkies technology company Sepura (SEPU:AIM). Buyout negotiations with Chinese suitor Hytera Communications were confirmed on 4 November.
Although a firm offer has yet to be made the news sparked a 47% jump in Sepura’s share price to 21.75p. Sepura’s scope to expand into the US, where it this year inked a deal with the New York Transit Authority, and other markets could spark rival interest for the TETRA technology specialist.
US companies Motorola Solutions and Harris Corp could be tempted to open talks, especially given the weakness of the pound. Earlier this year Sepura moved its R&D centre and headquarters into a state of the art facility in the Cambridge Research Park in Waterbeach, Cambridgeshire, keeping most of its costs in the UK.
Sepura has struggled with delayed orders and mounting debts this year, resulting in a big share price decline from peaks of 197.5p in April. (SF)