8th Sep 2025 15:38
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.
Spectris shareholders approved the takeover by KKR at general and court meetings at the end of August. The 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.
Current stock price: 4,086.00 pence, up 0.2% in London on Monday afternoon
12-month change: up 44%
By Emily Parsons, Alliance News reporter
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