(Alliance News) - Spectris PLC on Monday said it has cleared the US waiting period for takeover by New York-based private equity firm Kohlberg Kravis Roberts & Co. Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Receives confirmation from the State Administration for Market Regulation of the People's Republic of China that no further review will be conducted into its acquisition by Kohlberg Kravis Roberts & Co LP via special purpose vehicle Project Aurora Bidco Ltd. The foreign direct investment authority in Italy also grants the takeover clearance. Spectris says filing processes in other jurisdictions are progressing in line with expectations, and expects the takeover to complete in or before the first quarter of 2026. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Spectris shareholders at general and court meetings on Wednesday vote to accept a takeover offer from US private equity firm Kohlberg Kravis Roberts & Co. The takeover is supported by 99.9% of shares voted. The recently raised KKR offer of 4,175p per share values all Spectris equity at GBP4.2 billion and gives an enterprise value of GBP4.8 billion. It consists of 4,147p in cash and an interim dividend of 28p. The way was cleared for the KKR offer after Advent International LP earlier this month said its own 4,100p per share bid for Spectris was final and would not be increased again. Spectris had accepted the increased offer from Advent and withdrew its recommendation of a 4,000p bid from KKR but switched horses again when KKR raised its own offer. Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Advent International LP says 4,100 pence per share bid for Spectris is final and will not be increased. Leaves the way clear for US private equity firm Kohlberg Kravis Roberts & Co which, on Tuesday, lifted its own offer to 4,175p per share, which Spectris accepted. The bid values all Spectris equity at GBP4.2 billion and implies an enterprise value of GBP4.8 billion. On Friday last week, Spectris had accepted the increased offer from Advent and withdrew its recommendation of a GBP40 per share bid from KKR but switched horses again on Tuesday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Spectris PLC on Thursday said it expects annual profit in line with expectations, after a "robust" half-year. Read More
(Alliance News) - Spectris PLC on Tuesday withdrew its recommendation of a takeover offer from Advent International LP and instead backed an increased cash offer from funds advised by US private equity firm Kohlberg Kravis Roberts & Co. Read More
(Alliance News) - London stocks are set to open higher on Tuesday following a rally in New York and Asia, and ahead of a slew of composite PMI readings. Read More
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
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - European blue-chips opened higher on Wednesday, as a UK minister warns on the potential fallout from Tuesday's welfare reform vote and US President Donald Trump threatens Japan with an up to 35% tariff ahead of the July 9 deadline. Read More
(Alliance News) - Spectris PLC on Wednesday said it has agreed to the terms of a takeover offer from funds advised by Kohlberg Kravis Roberts & Co that values it at GBP4.1 billion, beating an earlier bid by rival US private equity firm Advent International LP. Read More
(Alliance News) - London's FTSE 100 was called higher on Wednesday, following the largest revolt to date by Labour MPs during Prime Minister Keir Starmer's premiership, against proposed welfare reforms. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - London's FTSE closed down on Monday as traders awaited Tehran's response to US strikes on Iranian nuclear facilities over the weekend. Read More
(Alliance News) - Stock prices in Europe were lower, with the FTSE 100 in London only marginally in the red, as US involvement in the Israel-Iran conflict kept markets on edge but failed to spark a sell-off. Read More
(Alliance News) - Stock prices in Europe opened lower at the start of the week, but US strikes on Iran failed to prompt a deeper sell-off in equities. Read More