25 Jan 2024 | 09:14
Elementis surges as PE firm KPS said to have explored takeover offer
(Sharecast News) - Elementis surged on Thursday following a report that KPS Capital Partners recently explored a bid for the specialty chemicals firm.
According to Reuters, the New York-based private equity firm in December submitted an offer valuing the company at about 160p per share, but the Elementis board wanted around 180p.
At 0910 GMT, the shares were up 8.6% at 134.60p.