Bodycote plc (BOY.L) Friday confirmed that it has received a conditional cash proposal from Apollo Management X, L.P. on behalf of certain of its managed investment funds. There have been many media reports regarding the offer.
Under the proposal, Bodycote shareholders would receive an offer price of 885 pence per share in cash and a proposed final dividend of 16.1 pence per share for the 2025 financial year.
Earlier, Apollo has made possible offers for Bodycote and both the Boards are in discussions regarding the latest proposal.
Apollo is required, by not later than 5.00 p.m. on 19 June 2026, either to announce a firm intention to make an offer for Bodycote.
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Business News
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