KKR Lifts Spectris Offer to $5.6 Billion Amid Bidding War With Advent
The sweetened offer comes days after Advent improved its bid for Spectris, prompting the target to withdraw its recommendation for the previous offer put forward by KKR. The new offer is 1.8% higher than Advent's latest bid and gives Spectris an equity value of 4.2 billion pounds, KKR said.
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