Spectris’s board has unanimously recommended the offer. — Bloomberg
LONDON: KKR & Co has agreed to buy Spectris Plc in a deal that values the UK maker of precision and testing equipment and software at about £4.1bil (US$5.6bil), surpassing an earlier bid by a consortium led by Advent.
The bid values Spectris at about £40 per share, including £39.72 in cash and a 28 pence-per-share dividend, KKR said in a statement yesterday.
