HedgeCo.Net — CVC Advisers Limited on September 28, 2026 issued a Takeover Code Rule 2.8 statement confirming it does not intend to make an offer for Bodycote plc, according to the Investegate RNS and Reuters. The walk-away clears the competitive path for Veritas Capital-backed Vulcan Alpha Bidco Limited, which earlier won Bodycote’s board backing for a recommended cash acquisition.
Reuters reported Veritas’s sweetened bid at 940 pence a share and an enterprise value of about £1.85 billion ($2.4...
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