CIO

ITL warns investors of unsolicited takeover offer

Medical device developer ITL Limited (ASX:ITD) has warned shareholders not to accept an unsolicited takeover offer from National Management Consultants.

The offer has not been endorsed by the ITL board, and ITL has no connection with the prospective buyer, the company said.

ITL is advising shareholders to seek investment advice before deciding to sell shares, and to consider selling them on the open market instead.