Spectris could be private equity bid target
Spectris [LON:SXS] a UK-based industrial control and process instrument manufacturer, may have attracted takeover interest from a private equity firm, according to a speculative report in the Financial Times. The newspaper’s market report section did not cite a source for the speculation.
Spectris shares closed 49p down at 2437p in London on Thursday, 6 December, giving the company a market capitalisation of GBP 2.81bn (EUR 3.15bn).
Spectris’ new CEO Andrew Heat said on a third quarter earnings call on 20 November that the company may rationalise its portfolio, as reported by Dealreporter on 21 November.
The FT report appeared on page 28 of the UK print edition of the newspaper on Friday, 7 December