Veritas Capital To Acquire Bodycote plc for £1.85 Billion Enterprise Value

Veritas Capital has agreed to acquire Bodycote plc in a recommended cash transaction valuing the company at approximately £1.65 billion on a fully diluted equity basis and £1.85 billion on an enterprise-value basis. Bodycote shareholders will receive 940 pence per share in cash, including a previously announced £7.2-pence fiscal 2026 interim dividend, with the deal expected to become effective in the first quarter of 2027 subject to approvals.