Business · 1 hour ago
US firm buys Bodycote for £1.65bn as London-listed firms sell off
Bodycote, a Macclesfield-based industrial firm, is being bought by US private equity firm Veritas for £1.65 billion, or 940p a share. The acquisition follows a trend of overseas firms buying UK companies, with critics questioning if these bids offer good value. Westminster has barely reacted to the increasing foreign ownership of British businesses.
Reported by The Guardian · How we write briefs