E2v, a manufacturer of high-technology electronic components, was a retained client of FTI Consulting when it received a bid from Teledyne Technologies, a North American industrial company, in December 2016. The bid valued e2v at 275p per share, which the Board recommended to shareholders.
Our Work With E2v
FTI Consulting worked with e2v to ensure the sale process was effectively communicated to the Company’s stakeholders, reassuring them this was a positive move for the business and that the offer was a good value.
At a time when a number of UK technology firms were being bought by foreign buyers, media sentiment often questioned the suitability of such acquisitions. The sale of e2v to Teledyne was positively received by stakeholders, with the UK media noting that the move made sense for both parties. On the day of the announcement, e2v also saw a 47pc rise in the company’s share price. The deal completed on schedule in the first half of 2017.