Kohlberg Kravis Roberts & Co.'s planned 4.15 billion British Pounds takeover of Spectris is now awaiting regulatory clearance after shareholders overwhelmingly approved the deal.
Investors in the industrial technology company voted on Aug. 27 to accept KKR's offer of 41.75 British Pounds per share, with 99.93% of votes cast in favor, according to a company filing.
The vote concluded a bidding war with rival private equity firm Advent International, which withdrew its offer in early August after KKR raised its bid.
The acquisition now requires foreign direct investment and merger control approvals from authorities in multiple jurisdictions, including the U.S., U.K., European Union, and China.
Spectris has previously said it expects the acquisition, which is being implemented through a court-sanctioned process, to be completed in or by the first quarter of 2026.
In a routine filing on Monday, the company confirmed it had approximately 99.34 million total voting rights.
More from this issuer
Related coverage
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.