No announcement of an offer above 940p appeared on Bodycote's London Stock Exchange news feed between 29 September and the 10.00 court meeting on 21 October 2026, where shareholders approved the existing scheme, according to the feed on Investegate and Bodycote's results announcement.
History. 0 of 4 cases. Price rises came only while the rival was still bidding, as at Spectris on 5 August 2025.
Hunch. CVC kept the right to return if another buyer makes a firm offer, and Apollo also looked at Bodycote this year, so a small chance of a higher price remains (CVC Advisers, 28 Sep 2026; Reuters, 1 Sep 2026).
The higher offer market resolves on announcements by Veritas, its bid company Vulcan Alpha Bidco or Bodycote on the London Stock Exchange news service: YES if an offer worth more than 940p a share is announced between 29 September and the start of the court meeting at 10.00 on 21 October 2026. Reuters and BBC News are the backup.
We looked for cases where the board of a British company backed one buyer's offer, a rival bidder then formally dropped out before the shareholder vote, and takeover rules stopped the rival coming back. We found four since 2021 with official records. In each one shareholders said yes at the vote, and the buyer did not raise its price.