UK's Spectris hits near 4-year high after accepting KKR's higher $6.5 bln takover offer

Shares of scientific instruments maker Spectris SXS.L up 4.6% at 4006.9p, their highest level since September 2021
Co accepts an improved takeover offer from U.S. private equity firm KKR KKR.N, valuing Spectris at about 4.7 billion pounds ($6.46 billion) including debt

Spectris withdraws support for prior offer from Advent
Co's shareholders will receive 40 pounds per share, comprising 39.72 pounds in cash and an interim dividend of 28 pence

KKR's offer price is 6.3% higher than Advent's 37.63 pound per share offer, which valued the group at 4.4 billion pounds
Including session gains, SXS shares up 59.6% YTD

($1 = 0.7281 pounds)