ANAHEIM, CA — The largest shareholder in flex circuit maker Multi-Fineline Electronix has turned down an offer by a rival to purchase the company.
 
WBL Corp. Ltd., M-Flex's biggest stockholder, voted not to accept shares in MFS Technology as part of an offer MFS made for M-Flex.
 
WBL shareholder approval was a pre-condition of the deal.
 
An M-Flex special committee had withdrawn its recommendation for the offer last August.
 

NORTH YORKSHIRE, UK – Eleven staff at GSPK Electronics have been let go after the company was placed in administration.

Mark Firmin and Richard Fleming of KPMG were appointed joint administrators of GSPK Electronics on Friday.

A spokesman said it’s too early to say if there will be any further job losses among the remaining 104 staff.

Firmin said the business has been hit by a significant overseas bad debt and does not have sufficient funding to continue trading outside of bankruptcy.

GSPK manufactures electronics products for the television, telecommunications and automotive sectors.