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Private equity circles industrial coatings business Bodycote with a double takeover swoop
['Daily Mail City', 'Finance Reporter']
Money | Mail Online
Bodycote last night revealed a double takeover swoop from two private equity sharks.
The industrial coatings company has been valued at around £1.6billion in offers from both CVC and Veritas.
Bodycote’s board said it would be ‘minded to recommend’ each should they result in a firm offer.
US buyout firm Veritas made a similar offer of up to 914p.
The update is likely to ring alarm bells that Bodycote could be the next company to quit the London stock market.