UK's Rotork hits record high after agreeing to ABB takeover
16/07/2026 08:18
BUZZ-UK's Rotork hits record high after agreeing to ABB takeover ** Shares of flow control firm Rotork ROR.L up 66% at 483p, hitting record high
** Stock top percentage gainer across the London Stock Exchange
** Swiss engineering group ABB ABBN.S agrees recommended cash acquisition of Rotork at 503p per share, valuing equity at ~£4.14 billion ($5.60 billion) and implying enterprise value of ~£4.08 bln
** Rotork board unanimously recommends deal
** In 2026, stock has gained about 48.4%
($1 = 0.7388 pounds)
(Reporting by Judes Joseph in Bengaluru)
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