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UK’s Bodycote Draws £1.6 Billion Bids From CVC and Veritas

Bloomberg Markets Wednesday 05 August 2026, 15:40 UTC By Jamie Nimmo 1 min read
Key Points

Deals UK’s Bodycote Draws £1.6 Billion Bids From CVC and Veritas Bodycote Plc received takeover bids worth around £1.6 billion ($2.2 billion) each from CVC Advisers Ltd. and Veritas Capital, pitting rival private equity firms against one another. The British industrial heat treatment specialist said Wednesday that CVC was offering 915 pence per share, one pence higher than Veritas’ proposal. It said it would recommend either proposal to shareholders.

Deals UK’s Bodycote Draws £1.6 Billion Bids From CVC and Veritas Bodycote Plc received takeover bids worth around £1.6 billion ($2.2 billion) each from CVC Advisers Ltd. and Veritas Capital, pitting rival private equity firms against one another. The British industrial heat treatment specialist said Wednesday that CVC was offering 915 pence per share, one pence higher than Veritas’ proposal. It said it would recommend either proposal to shareholders.
UK (LOCATION) Bodycote Draws (LOCATION) CVC (ORG) Veritas Deals (ORG) Veritas Bodycote Plc (ORG) CVC Advisers Ltd. (ORG) Veritas Capital (ORG) British (ORG) Veritas (ORG)
Originally published by Bloomberg Markets Read original →

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