Bodycote confirms £1.5 billion bid approach

FTSE 250 specialist engineering firm Bodycote (LON:BOY) confirmed it had received an approach from a private equity buyer. The proposal from US firm Apollo Management values the firm at just over $2 billion or £1.5 billion 29% premium The firm, which provides thermal processing services, said the Apollo offer comprises 885p per share in cash … Continue reading Bodycote confirms £1.5 billion bid approach