8th Aug 2025 20:10
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.
Current share price: 4,164.00 pence, closed up 0.1% in London on Friday
12-month change: up 44%
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Spectris