JPMorgan Chase & Co. has increased its stake in Spectris plc to nearly 10% as the British industrial technology firm's takeover by Kohlberg Kravis Roberts & Co. moves toward completion.
According to a recent regulatory filing, the U.S. bank's total position in the company rose to 9.62% as of Sept. 19.
The position consists of about 9.1% in direct voting rights with the remainder held through financial instruments, the filing showed.
The stake-building comes as KKR finalizes its 4.15 billion British Pounds acquisition of Spectris, a deal on which JPMorgan's investment banking arm is acting as the sole financial adviser to KKR.
The takeover has received key regulatory approvals and is expected to close by the first quarter of 2026, according to Spectris.
In a separate routine filing on Friday, Spectris confirmed it had 99,409,123 total voting rights.
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Spectris on Tuesday issued a routine statement confirming its share capital, a procedural step as the British technology firm's 4.15 billion British Pound takeover by private equity firm KKR moves toward completion.
Spectris on Friday issued a routine statement confirming its share capital, a procedural step as the British technology firm's 4.15 billion British Pound takeover by private equity firm KKR moves toward completion.
Spectris on Thursday issued a routine statement confirming its share capital, a procedural step as the British technology firm's 4.15 billion British Pound takeover by private equity firm KKR moves toward completion.
Spectris reported an 11% rise in third-quarter sales on Thursday, as the British technology firm moves into the final stages of its takeover by private equity firm KKR.