TT Electronics reports that sales fall as it refreshes its board following the collapse of a proposed takeover by Cicor Technologies. Multiple sources say the deal, valued at about £287 million, does not proceed after TT Electronics shareholders vote against the transaction. With the takeover rejected, TT Electronics moves forward with governance changes, including refreshing its board. The company’s update also reflects operational and financial impacts associated with the failed bid, including a reported decline in sales. The reporting frames the decision as shareholder-led and highlights the sequence of events: the takeover proposal is put forward, shareholders vote against it, and TT Electronics subsequently changes its board composition. Across coverage, there is a shared focus on the link between the rejected acquisition and the company’s subsequent adjustments, particularly regarding leadership and business performance. Further details on the extent of the sales decline and timing of board changes are not consistent in the information provided here, but the overall narrative remains the same: the takeover fails and TT Electronics responds with a board refresh amid lower sales.