SPECTRIS

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.

Hedge funds are increasing their bets on the successful completion of Kohlberg Kravis Roberts & Co.'s planned 4.15 billion British Pounds takeover of Spectris, following overwhelming shareholder approval for the deal.

Shareholders of Spectris on Wednesday approved a takeover by private equity firm Kohlberg Kravis Roberts & Co. for approximately 4.15 billion British Pounds, bringing a close to a competitive bidding war for the industrial technology company.

Shareholders of Spectris on Wednesday approved a takeover by private equity firm Kohlberg Kravis Roberts & Co. for approximately 4.15 billion British Pounds, bringing a close to a competitive bidding war for the industrial technology company.

Hedge fund Balyasny Asset Management has increased its stake in Spectris, paying a price above a current takeover proposal in a sign it is betting a higher offer for the British industrial technology company will emerge.

The takeover battle for Spectris PLC is continuing after a key deadline for private-equity firm KKR to make a formal offer passed without a public announcement.