Spectris open to $5 billion takeover bid from Advent, shares soar
George Mihalcea
British scientific instruments maker Spectris said it would accept a 3.73 billion pound ($5.06 billion) bid from Advent if the U.S. private equity firm proceeds with a formal offer, sending its shares surging by 70 per cent on Monday. Spectris' stock price had tumbled in the aftermath of U.S. President Donald Trump's erratic trade policies, hitting an eight-and-half year low in early April. "We and many investors have increasingly seen Spectris as a takeout target, especially with the group
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