KKR has gazumped rival American private equity giant Advent International with a £4.7bn offer for Spectris plc. The London firm’s board had previously recommended Advent’s £4.4bn offer, which was for £37.63 per Spectris share. However it has now withdrawn this in favour of an offer of £40 per share from KKR. The offer is 6.3% … Continue reading KKR gazumps Advent with £4.7bn bid for Spectris