UK-listed thermal processing specialist Bodycote has confirmed it is evaluating competing takeover proposals from private equity firms CVC Advisers and Veritas Capital, with each valuing the business at approximately £1.56bn (USD2.1bn), according to a report by Reuters.
The company said both proposals remain at a preliminary stage but indicated its board would be prepared to recommend either transaction if a firm offer is agreed on acceptable terms.
CVC has proposed an offer worth up to 915p per...
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