An original bid to takeover the maker of the Raspberry Pi mini-computer will not be increased, the company behind the offer said today.
Datwyler will now not be able to make another one for 12 months according to UK takeover rules.
Premier Farnell backed the higher offer from Avent, withdrawing its support for Datwyler's bid, giving it an enterprise value of £792m. Avent offered a 12.1 per cent premium on Datwyler's bid and a nearly 70 per cent premium on the the value of shares prior to either takeover offer.
Shares in Premier Farnell remained flat as markets opened on Monday morning at 183.50 pence per share.