Bodycote Confirms Receipt of Competing Indicative Takeover Proposals from CVC, Veritas Capital

11:19 PM EDT, 08/05/2026 (MT Newswires) -- Bodycote (BOY.L) on Wednesday confirmed that it received separate indicative takeover proposals from private equity firms CVC Capital Partners (CVC.AS) and Veritas Capital. Amsterdam-listed firm CVC, through CVC Advisers, is floating an offer of up to 9.15 pounds sterling per share, comprising 9.078 pounds in cash plus the interim dividend of 0.072 pound. Meanwhile, US firm Veritas Capital, through Veritas Capital Fund IX, is offering up to 9.14 pounds per share, comprising 9.068 pounds plus the interim dividend. Directors of the London-listed thermal processing and heat treatment specialist granted both CVC and Veritas access to confirmatory due diligence after deciding that the indicative offers they presented are at values that could be recommended to shareholders. The potential target is engaging separately with each offeror, giving them until Sept. 2 to finalize whether to push through with a firm offer.