Depressed wireless electronics group Filtronic has attracted the attentions of £40 billion US private equity player Carlyle Group.

Prompted by an up-tick in fully listed Filtronic’s share price, Carlyle says it is ‘reviewing its options’ in respect of Filtronic, which ‘could include an offer’. The company, whose interim profits plunged from £75.8 million to £900,000 following the disposal of hefty divisions, said last month its remaining business ‘remains satisfactory’ and pointed out that it had £114 million cash after selling its Compound Conductors subsidiary.

Filtronic shares, which slumped from 291.5p to 59.5p between 2005 and earlier this month, have perked up to 77.5p on Carlyle’s expression of interest, at which level the company is valued at £57.2 million.

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Filtronic	LSE	£64.29m	86.50p	0.00p
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