The Macclesfield-based company, which offers services including heat treatment for manufacturing, metal joining and protective metallic coatings, had been the subject of a bidding war involving the rival European buyout group CVC.<\/p>\n
Shares in Bodycote soared 4.5%, making it the second biggest riser in the FTSE<\/a> 250, after CVC indicated that it might make a counteroffer.<\/p>\n \u201cCVC is considering its position and a further announcement will be made when appropriate,\u201d the company said. \u201cBodycote shareholders are strongly advised to take no action in response to the Veritas offer in the meantime.\u201d<\/p>\n Veritas said Bodycote\u2019s prospects would be better served by being taken out of public markets.<\/p>\n Bodycote has agreed a \u00a31.84bn takeover by the US private equity group Veritas. Photograph: Brett Hondow\/Alamy<\/p>\n \u201cAs a private company under Veritas\u2019s ownership, Bodycote will benefit from enhanced flexibility and long-term perspective to support continued investment in the business and pursue targeted organic and inorganic growth opportunities,\u201d the US group said.<\/p>\n Meanwhile, the telecoms company Gamma Communications recommended a \u00a31.1bn offer from the UK private equity company Epiris, days after confirming it was in possible takeover talks with the European buyout company Waterland.<\/p>\n Epiris first indicated its interest in a potential takeover in June. On Tuesday it said: \u201cThe additional flexibility that comes from a private company environment will enable Gamma to invest further and focus on sustainably improving the growth of its business over the long term.\u201d<\/p>\n Capricorn has struck a deal with its Norwegian rival DNO for $396m. Photograph: Timon Schneider\/Alamy<\/p>\n Separately, the Scottish energy company Capricorn is set to end its 38 years on the FTSE all-share index after striking a deal with its Norwegian rival DNO for $396m. Capricorn had recommended an offer from Genel Energy, but the company switched its recommendation after receiving a higher offer from DNO.<\/p>\n The takeovers put further pressure on the LSE, which has been hit by an exodus of companies this year in deals totalling almost $110bn, according to data compiled by Bloomberg.<\/p>\n skip past newsletter promotion<\/a>Free newsletter | Every weekday<\/p>\n Sign up to Business Today<\/p>\n Get set for the working day \u2013 we’ll point you to all the business news and analysis you need every morning<\/p>\n after newsletter promotion<\/p>\n \u201cOverseas acquirers continue to feast on the UK market like hungry customers at an all-you-can-eat buffet,\u201d said Russ Mould, the investment director at AJ Bell.<\/p>\n \u201cWhile some investors may be toasting the payoff they receive from the wave of mergers and acquisitions, the longer-term implications are potentially bleak. These deals mean a further dilution of the breadth and quality of a UK market which is struggling to attract new companies to replace the ones which are being acquired.\u201d<\/p>\n The flurry of dealmaking includes easyJet\u2019s \u00a35.7bn takeover<\/a> by the US private equity company Apollo<\/a>, the warehouse landlord Segro\u2019s \u00a314bn takeover<\/a> by its US rival Prologis, and the sale of ITV\u2019s broadcasting and streaming business<\/a> to Sky\u2019s owner, Comcast, for \u00a31.6bn.<\/p>\n Earlier this year the historic British asset management group Schroders agreed a \u00a39.9bn takeover<\/a> by a US investor.<\/p>\n Other deals include the \u00a310bn takeover of the lab testing group Intertek<\/a> by a consortium led by the Swedish private equity company EQT in June. Beazley, the specialist insurer with clients including Lloyds of London, agreed an \u00a38bn deal<\/a> to be acquired by its larger rival Zurich in February.<\/p>\n","protected":false},"excerpt":{"rendered":"Three more London-listed companies are set to be taken over as the value of deals removing firms from…\n","protected":false},"author":2,"featured_media":602794,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,85,46],"class_list":["post-602793","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/602793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=602793"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/602793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/602794"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=602793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=602793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=602793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/09\/1788282998_846_500.jpg\")
<\/p>\n