India, June 16 -- Spectris plc (SXS.L), a provider of high-tech instruments, test equipment, and software, on Monday announced that its Board has rejected a takeover proposal from Kohlberg Kravis Roberts & Co. L.P. (KKR).
Spectris further said it is continuing its talks with Advent International Ltd. about a potential cash offer for 37.63 pounds per Spectris share, as announced on June 9.
Responding to media speculation, Spectris confirmed that it received a preliminary and conditional proposal from KKR on June 5 for the acquisition of all shares of Spectris.
The company's Board had received a proposal from KKR earlier, and there are no further proposals.
The company added that KKR has requested the same due diligence information that w...