KKR said it had agreed a deal to buy precision instrument maker Spectris for £4.7bn, trumping an offer from rival Advent.
Source: Sharecast
The private equity giant will pay £40.00 a share made up of £39.72 in cash from and an interim dividend of 28p each. Advent offered £37.63 a share, or £4.4bn.
KKR had already made two prior bids for London-listed Spectris.
Reporting by Frank Prenesti for Sharecast.com
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