Reported 1 day ago
US investment firm KKR has successfully outbid Advent to acquire Spectris, a leading British scientific instruments maker, with a deal valued at £4.7 billion ($6.46 billion), including debt. This move follows KKR's earlier bids, resulting in Spectris withdrawing its support for Advent's offer, which was deemed less favorable. The final deal proposes payments of £39.72 per share plus an interim dividend, causing Spectris's stock to rise significantly.
Source: YAHOO