Buyout Firm Advent Agrees to £3.8 Billion Deal for UK's Spectris
Buyout firm Advent reached an agreement to buy Spectris Plc, a UK maker of precision and testing equipment and software, for about £3.8 billion ($5.1 billion).
Advent is offering £37.63 in cash, which includes a proposed interim dividend of £0.28 per share, according to a statement on Monday. Spectris's directors deem the offer as 'fair and reasonable' and plan to unanimously recommend the offer to shareholders, they said.
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