UK's Spectris falls after terminating Advent's buyout offer in favour of KKR

Spectris

11/08/2025 08:44

** British scientific instruments maker Spectris SXS.L down 3.6% at 4015p

** SXS said on Friday it had decided not to proceed with U.S. private equity firm Advent's buyout proposal

** SXS's decision comes days after backing rival suitor KKR's KKR.N $6.4 bln offer

** Stock up 66% YTD vs FTSE mid-caps' .FTMC 6.36% rise

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))