IN BRIEF: Spectris gets court go-ahead for takeover by KKR

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Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Announces that the relevant court has on Tuesday sanctioned the scheme of arrangement for its acquisition by Project Aurora Bidco Ltd, a special purpose vehicle indirectly wholly owned by investment funds and vehicles advised or sponsored by Kohlberg Kravis Roberts & Co LP and its affiliates. Spectris said at the end of October that it was in an ‘advanced stage of preparation for completion’ of the takeover. Says on Tuesday that the scheme remains conditional and will take effect upon the court order being delivered to the Registrar of Companies, which Spectris expects to occur on Thursday.

Current stock price: 4,140.00 pence

12-month change: up 64%

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