Bodycote publishes Veritas scheme as Bodycote stock costs EUR 10.75

Published on 10/01/2026 at 13:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CVC left the race, clearing the path for Veritas' GBP 1.85 billion bid. Bodycote stock costs EUR 10.75 on October 1, 2026, while the bid is GBp 940.00.

Glühende Stahlteile in industrieller Wärmebehandlungsanlage mit Arbeitern in Schutzausrüstung — Fotorealistische Aufnahme einer Wärmebehandlungsanlage von Bodycote plc, ISIN GB00B3FLWH99, mit glühenden Stahlteilen im Industrieofen, Illustration mit AI erstellt.

Bodycote (ISIN GB00B3FLWH99) was trading at EUR 10.75 at Lang & Schwarz on October 1, 2026 at 1:42 p.m. CEST as the company moved into the formal stage of Veritas Capital's recommended takeover. Reuters reported on September 28, 2026 that CVC Advisers would not make an offer, leaving Veritas' GBP 1.85 billion proposal as the live transaction.

Scheme document sets October vote

Yahoo Finance published Bodycote's scheme document announcement dated September 28, 2026. The recommended cash acquisition proposes GBp 940.00 per share and requires shareholder and court approvals before it can become effective.

The Court Meeting and General Meeting are scheduled for October 21, 2026, at 10:00 a.m. and 10:15 a.m. London time. The timetable points to completion in the first quarter of 2027, subject to the required conditions.

First-half revenue rises 3.00 percent

Bodycote's operating picture provides a second reference point for the transaction. In the six months ended June 30, 2026, revenue increased 3.00 percent to GBP 381.2 million, while net income rose 12.00 percent to GBP 31.0 million, according to Patria.

The mix matters because Specialist Technologies revenue increased 15.00 percent to GBP 121.2 million, compared with 2.00 percent growth in Precision Heat Treatment revenue to GBP 250.8 million. The figures show that the specialist business was the faster-growing part of the group during the period.

Stock remains near yearly high

Bodycote's London Stock Exchange quote was GBp 911.00 at 12:49 p.m. BST on October 1, 2026. The same listing's 52-week range was GBp 585.00 to GBp 967.50, placing the share price 5.84 percent below its yearly high based on those values.

The finance data quote put Bodycote's market capitalization at GBP 1.5 billion on October 1, 2026. That valuation and the GBp 940.00 offer price leave shareholder approval, court sanction and the timetable as the central transaction milestones rather than a second bidding contest.

Deal milestones shape the next phase

For investors, the key distinction is between an agreed offer and a completed acquisition. The Veritas proposal has a defined price and formal scheme timetable, but the October meetings and later court process still determine whether the transaction reaches the expected first-quarter 2027 completion window.

Bodycote was trading at EUR 10.75 at Lang & Schwarz on October 1, 2026 at 1:42 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bodycote stock.