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KKR Lifts Spectris Offer to $5.6 Billion

KKR Lifts Spectris Offer to $5.6 Billion Amid Bidding War With Advent
The sweetened offer comes days after Advent improved its bid for Spectris, prompting the target to withdraw its recommendation for the previous offer put forward by KKR.
KKR raises bid for Spectris to £4.2 billion, winning board support over Advent
KKR ups its bid for Spectris to £4.2 billion, overtaking Advent in a fierce takeover race for the UK scientific instruments firm.
UK's Spectris agrees sweetened KKR offer as takeover battle heats up
LONDON (Reuters) -British scientific instruments maker Spectris has agreed to a sweetened offer from U.S. private equity firm KKR valuing it at 4.8 billion pounds ($6.4 billion), it said on Tuesday, withdrawing its backing for a lower offer from rival suitor Advent.
KKR trumps Advent in Spectris takeover battle with £4.8bn bid
US private equity group’s offer nudges out rival bidder once again in race to acquire UK scientific instruments maker
Opinion
Spectris agrees £4.8bn takeover offer as KKR outbids private equity rival
Private equity giant KKR has trumped rival Advent's takeover bid for British scientific instruments maker Spectris with an improved offer.
UK's Spectris ditches KKR in favour of Advent's sweetened $6.4 billion offer
British scientific instruments maker Spectris SXS.L has agreed to private equity firm Advent's sweetened takeover offer worth 4.8 billion pounds ($6.38 billion), including debt, as the battle for Britain's biggest takeover target of the year heats up.
Advent outbids KKR with £4.8bn offer for London-listed Spectris
Advent International has outbid KKR in a private equity bidding war for Spectris after the UK industrial group accepted its increased £4.8bn offer, in one of the biggest recent deals for a London-listed company.
Spectris bidding war intensifies as KKR submits fresh offer
The private equity bidding war for precision instrument business Spectris has stepped up a gear after KKR submitted a fresh offer.
KKR takes lead in Spectris takeover with £4.2bn offer
KKR has agreed on a recommended increased cash offer for Spectris at an offer value of £41.75 per share. This values the entire issued and to be issued share capital of Spectris at around £4.2 billion ($5.6 billion; €4.8 billion) and implies an EV of around £4.8 billion.
KKR Boosts Spectris Takeover Bid To $5.6B In Buyout Battle With Advent
The KKR offer includes 41.75 pounds in cash for each share of the company, including an interim dividend of 28 pence for fiscal 2025.
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