UK's Spectris agrees to $5.6 billion offer from KKR as takeover battle heats up

-4.32% Pre

-0.51%

-1.07%

-1.69%

KKR & Co. L.P. KKR	136.60 136.60	-4.32% 0.00% Pre
Dow Jones Industrial Average DJI	48458.05	-0.51%
S&P 500 index SPX	6827.41	-1.07%
NASDAQ IXIC	23195.17	-1.69%

Aug 5 (Reuters) - UK scientific instruments maker Spectris SXS.L has agreed to a sweetened offer from U.S. firm KKR KKR.N valuing it at 4.2 billion pounds ($5.57 billion), it said on Tuesday, withdrawing its backing for a lower offer from rival suitor Advent.

($1 = 0.7534 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Mrigank Dhaniwala)

((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.