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TZ Limited ( (AU:TZL) ) has provided an update.
TZ Limited has rejected an acquisition offer from Quadient SA for its US subsidiary, Telezygology Inc., which specializes in smart lockers and access solutions. The decision to reject the offer, which would have helped in debt restructuring and expansion, was based on the belief that the bid undervalued the business and its high-profile client base. Consequently, TZ Limited has initiated a strategic review to explore structural and ownership options for Telezygology, emphasizing the strategic importance of its data center security division.
More about TZ Limited
TZ Limited operates in the technology industry, focusing on smart locker systems and data center security solutions. The company provides innovative access control and security products, with a significant market presence through its US subsidiary, Telezygology Inc.
Average Trading Volume: 89,057
Technical Sentiment Signal: Sell
Current Market Cap: A$12.72M
Find detailed analytics on TZL stock on TipRanks’ Stock Analysis page.