UK's Bodycote slips after CVC drops out of takeover race, clearing way for Veritas
28/09/2026 08:16
BUZZ-UK's Bodycote slips after CVC drops out of takeover race, clearing way for Veritas ** Shares of Bodycote BOY.L down more than 3% to 917.5p
** Stock heads for steepest one-day loss since June 5
** Private equity firm CVC Advisers said it does not plan to make an offer for the thermal processing services provider
** Move clears path for US-based private equity firm Veritas Capital's $2.5 billion takeover offer, backed by Bodycote’s board earlier this month
** As of last close, stock up about 36% YTD
(Reporting by Amna Mariyam in Bengaluru)
((amna.mariyam@thomsonreuters.com; +91 8448625620))