IN BRIEF: Spectris takeover clears regulatory hurdles in China, Italy

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Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Receives confirmation from the State Administration for Market Regulation of the People’s Republic of China that no further review will be conducted into its acquisition by Kohlberg Kravis Roberts & Co LP via special purpose vehicle Project Aurora Bidco Ltd. The foreign direct investment authority in Italy also grants the takeover clearance. Spectris says filing processes in other jurisdictions are progressing in line with expectations, and expects the takeover to complete in or before the first quarter of 2026.

Spectris shareholders approved the takeover by KKR at general and court meetings at the end of August. The offer of 4,175p per share values all Spectris equity at £4.2 billion and gives an enterprise value of £4.8 billion. It consists of 4,147p in cash and an interim dividend of 28p.

Current stock price: 4,086.00 pence, up 0.2% in London on Monday afternoon

12-month change: up 44%

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