Spectris Faces Acquisition Interest from KKR and Advent

Spectris ( (GB:SXS) ) has shared an announcement.

Spectris has received a preliminary and conditional proposal from KKR for a possible cash offer for its entire issued share capital, which the Board has rejected. The company is also in discussions with Advent International regarding a potential cash offer, highlighting ongoing interest in its acquisition, which could impact its market positioning and stakeholder interests.

The most recent analyst rating on (GB:SXS) stock is a Buy with a £3135.00 price target. To see the full list of analyst forecasts on Spectris stock, see the GB:SXS Stock Forecast page.

Spark’s Take on GB:SXS Stock

According to Spark, TipRanks’ AI Analyst, GB:SXS is a Outperform.

Spectris demonstrates robust technical momentum and favorable valuation metrics, which are the primary drivers of its overall score. The financial performance is stable but requires attention due to declining revenue and cash flow. Corporate events further bolster confidence through strategic governance and executive share acquisitions.

To see Spark’s full report on GB:SXS stock, click here.

More about Spectris

Spectris is a company involved in the provision of precision instrumentation and controls. It operates within the technology and industrial sectors, focusing on delivering high-performance solutions to enhance productivity and efficiency across various industries.

Average Trading Volume: 315,693

Technical Sentiment Signal: Strong Buy

Current Market Cap: £3.18B

See more data about SXS stock on TipRanks’ Stock Analysis page.