Bodycote Receives Twin Private Equity Bids Valued at £1.8bn
FTSE 250 industrials group Bodycote has received separate private equity offers from CVC and Veritas, valuing the company at approximately £1.8 billion including debt.
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FTSE 250 industrials group Bodycote has received separate private equity offers from CVC and Veritas, valuing the company at approximately £1.8 billion including debt.
Apollo Global and Britain’s Bodycote have reportedly ended discussions regarding a proposed £1.52 billion takeover, as reported by Reuters.
Bodycote has released highlights from its second-half earnings call, detailing the company's financial performance for the period.
UK-based Bodycote Plc has received competing takeover bids, each valued at approximately £1.6 billion, from private equity firms CVC Advisers Ltd. and Veritas Capital.

Apollo has withdrawn its £1.5 billion bid for London-listed heat treatment company Bodycote, causing Bodycote's stock to fall by 10%. The US suitor's decision to abandon the offer was confirmed by the company.
Several companies, including NOV, Chemed, Seagate Technology, and Mondelēz, have reported their Q2 2026 earnings, with many beating analyst expectations, while others like DMC Global and Public Storage have released Q2 2026 earnings previews.
Apollo Global Management has made a £1.5 billion ($2.04 billion) takeover proposal for London-listed heat treatment company Bodycote, causing Bodycote's shares to rise.