KKR trumps Advent with agreed £4.7bn offer for Spectris

(Sharecast News) - KKR said it had agreed a deal to buy precision instrument maker Spectris for £4.7bn, trumping an offer from rival Advent. The private equity giant will pay £40.00 a share made up of £39.72 in cash from and an interim dividend of 28p each. Advent offered £37.63 a share, or £4.4bn.

KKR had already made two prior bids for London-listed Spectris.

Reporting by Frank Prenesti for Sharecast.com