Vector Capital has increased its offer for troubled STB manufacturer Technicolor.
The US turnaround specialist says it will pay €2 a share, an increase from its previous €1.90 that would see a reserved capital increase of between €167 million and € 191 million.
Vector’s previous bid had been dismissed by the board in favour of a proposal from JPMorgan.
However, concern over revised proposals from JP Morgan that included a fee for the break up of the company.
Technicolor has been seeking a partner for its set-top business. Late last month its facility in Angers, France declared insolvency.