Latest news with #SpectrisPlc
Bloomberg
a day ago
- Business
- Bloomberg
KKR Seeks to End UK Rough Patch with Punchy Spectris Bid
KKR & Co. is seeking to end an uncharacteristically patchy run of dealmaking in the UK's public markets by launching its biggest takeover bid of the year. The US investment firm on Wednesday offered £4.1 billion ($5.6 billion) in cash for Spectris Plc, the British maker of precision testing equipment and software, topping a rival proposal from Advent. The price represents a 96.3% premium to Spectris stock on June 6 — the last trading day before Bloomberg News reported Advent was circling.
Bloomberg
a day ago
- Business
- Bloomberg
European Stocks Rise as M&A Lifts Banco Sabadell and Spectris
European stocks advanced on deals news, as Banco de Sabadell SA agreed to sell its British unit and Spectris Plc received an offer from KKR & Co Inc. The Stoxx Europe 600 Index was up 0.2% by 9:17 a.m. in Paris. The consumer and retail sectors were the best performers, while industrial shares lagged. Renewables stocks rose after a levy threatening the solar and wind industry was scrapped from the Senate GOP multitrillion-dollar tax bill.
Bloomberg
09-06-2025
- Business
- Bloomberg
Advent Explores Takeover of London-Listed Spectris
Advent is considering a takeover of Spectris Plc, a UK maker of precision and testing equipment and software, according to people familiar with the matter. The private equity firm has approached London-listed Spectris about a potential deal, said the people, who asked not to be identified as the information is private. Shares in Spectris jumped as much 22% on Monday, a record intraday gain. They were up 19% at 12:09 p.m. in London, giving the company a market value of about £2.4 billion ($3.3 billion).
