Spectris agrees to £3.8bn takeover but KKR threatens bidding war Markets Industrial group Spectris has agreed to a £3.8bn takeover by US private equity Advent but a bidding war could be brewing as KKR mulls a rival offer. The FTSE 250 firm has been valued at £37.73 per share in the deal. Shares jumped 13.5 per cent as markets opened on Monday to around 3,726. Private [...]
Tate & Lyle profit set to rise ahead of CP Kelco takeover Business Tate & Lyle’s operating profit is expected to have jumped four per cent over the last financial year, even as revenue dropped five per cent, the firm said in a trading update today. The FTSE 250 sweetener producer said performance had been in line with expectations in its business over the last year, with cash [...]
Evri serves up record deliveries as online shopping soars Business Evri delivered 730m parcels in the 12 months to March, a 14.9 per cent year-on-year rise that helped profit more than double.
Tate & Lyle shares soar on Advent private equity takeover rumours October 16, 2024 Shares in ingredients group Tate & Lyle have soared more than 12 per cent today after rumours emerged of a bid for the company from an American private equity group. The FTSE 250 food and beverage company is being targeted by US-based Advent International, according to the Financial Times. While Advent, which is the eighth [...]
Private equity firms make multimillion-pound swoop for pet food business March 24, 2024 Private equity firms Advent International and CVC Capital have reportedly joined forces to make a bid for Partner in Pet Food, an animal food brand owned by Cinven.