1st Aug 2025 22:05
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Accepts improved offer from Advent International LP worth GBP41 per share, comprising GBP40.72 in cash and a 28 pence dividend. New bid values Spectris share capital at around GBP4.2 billion and implies an enterprise value of GBP4.8 billion. As a result, Spectris withdraws recommendation of GBP40 per share bid from Kohlberg Kravis Roberts & Co. LP. For its part, KKR says it is "considering its position and a further announcement will be made when appropriate." Read More