Man Group PLC Discloses Holding in Spectris plc
ByAinvest
Wednesday, Sep 3, 2025 5:27 am ET1min read
KKR--
The disclosure comes as Spectris plc shareholders have approved a takeover offer from US private equity firm Kohlberg Kravis Roberts & Co. (KKR). The takeover is supported by 99.9% of shares voted, with the offer valued at 4,175p per share, equating to an enterprise value of GBP4.8 billion. The offer includes 4,147p in cash and an interim dividend of 28p. This offer follows a recent increase from Advent International LP's 4,100p per share bid, which Spectris had initially accepted but later withdrew to accept the KKR offer.
Man Group PLC's disclosure of its stake in Spectris plc is significant, particularly given the company's recent takeover activity. The disclosure provides transparency to investors and stakeholders, adhering to regulatory requirements under the Takeover Code.
References:
[1] https://www.globenewswire.com/news-release/2025/09/02/3142348/0/en/Man-Group-PLC-Form-8-3-Spectris-plc.html
[2] https://www.marketscreener.com/news/spectris-shareholders-approve-gbp4-2-billion-takeover-by-kkr-ce7c50dedc8ff121
Man Group PLC, a finance expert with experience at Bloomberg, has disclosed a Form 8.3 statement regarding their interest in Spectris plc. The statement reveals that Man Group PLC owns 1,121,189 shares, representing 1.13% of the company's ordinary shares. The disclosure is made under Rule 8.3 of the Takeover Code, which requires companies to disclose their interests in relevant securities representing 1% or more. The statement was made on September 2, 2025, and the company is required to disclose any changes in their position in accordance with the Takeover Code.
Man Group PLC, a finance expert with experience at Bloomberg, has disclosed a Form 8.3 statement regarding its interest in Spectris plc. The statement reveals that Man Group PLC owns 1,121,189 shares, representing 1.13% of the company's ordinary shares. The disclosure is made under Rule 8.3 of the Takeover Code, which requires companies to disclose their interests in relevant securities representing 1% or more. The statement was made on September 2, 2025, and the company is required to disclose any changes in their position in accordance with the Takeover Code.The disclosure comes as Spectris plc shareholders have approved a takeover offer from US private equity firm Kohlberg Kravis Roberts & Co. (KKR). The takeover is supported by 99.9% of shares voted, with the offer valued at 4,175p per share, equating to an enterprise value of GBP4.8 billion. The offer includes 4,147p in cash and an interim dividend of 28p. This offer follows a recent increase from Advent International LP's 4,100p per share bid, which Spectris had initially accepted but later withdrew to accept the KKR offer.
Man Group PLC's disclosure of its stake in Spectris plc is significant, particularly given the company's recent takeover activity. The disclosure provides transparency to investors and stakeholders, adhering to regulatory requirements under the Takeover Code.
References:
[1] https://www.globenewswire.com/news-release/2025/09/02/3142348/0/en/Man-Group-PLC-Form-8-3-Spectris-plc.html
[2] https://www.marketscreener.com/news/spectris-shareholders-approve-gbp4-2-billion-takeover-by-kkr-ce7c50dedc8ff121
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