India, Aug. 5 -- Bodycote Plc (BOY.L) on Wednesday said it has received two separate conditional cash takeover proposals from private equity firms CVC Advisers and Veritas Capital for the entire company.
CVC's proposal values Bodycote at up to 915 pence per share, comprising 907.8 pence in cash plus a 7.2 pence interim dividend, while Veritas has proposed 914 pence per share, including 906.8 pence in cash and the same interim dividend.
The board said it would be prepared to unanimously recommend either proposal if a firm offer is made on those financial terms, subject to satisfactory due diligence, agreement on final terms and definitive documentation.
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