Bodycote stock faces a 940p takeover vote in October

Published on 10/03/2026 at 21:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bodycote stock was last at GBp 910.50 on October 2, 2026, 5.9 percent below its yearly high. First-half revenue rose 3 percent to GBP 381.2 million.

Schwarzweiß-Dokumentarfoto von Arbeitern an Industrieanlagen in einer Metallverarbeitungshalle — Dokumentarische Schwarzweiß-Reportage aus einem Metallverarbeitungswerk von Bodycote plc, ISIN GB00B3FLWH99, mit Arbeitern an Maschinen, Illustration mit AI erstellt.

Bodycote (ISIN GB00B3FLWH99) was last at GBp 910.50 on the LSE on October 2, 2026 at 4:35 p.m. London time, up 0.11 percent on the session. Reuters reported on September 28, 2026 that CVC Advisers would not make an offer, leaving Veritas Capital's recommended 940p-per-share cash acquisition as the live transaction.

Takeover vote is set for October

The transaction is scheduled to go before Bodycote shareholders on October 21, 2026. According to FT, the court meeting is set for 10:00 a.m. London time, followed by the general meeting at 10:15 a.m.

The recommended acquisition still requires shareholder approvals, court sanction and satisfaction or waiver of other conditions. The scheme is expected to become effective in Q1 2027, after which applications are intended to cancel Bodycote's listing on the Official List and its admission to trading on the LSE.

Revenue growth adds operating support

For the six months ended June 30, 2026, Bodycote revenue increased 3 percent to GBP 381.2 million and net income rose 12 percent to GBP 31 million, according to Patria. Specialist Technologies revenue grew 15 percent to GBP 121.2 million, while Precision Heat Treatment revenue increased 2 percent to GBP 250.8 million.

The takeover therefore arrives alongside measurable first-half expansion rather than a purely financial restructuring story. The operating mix matters because Specialist Technologies delivered the faster growth rate, while Precision Heat Treatment remained the larger revenue contributor.

Stock stays below its yearly high

Bodycote's GBp 910.50 reference price stood 5.9 percent below its 52-week high of GBp 967.50 and above its low of GBp 585 on October 2, 2026. Market capitalization was GBP 1.5 billion, with 881,812 shares traded.

MarketBeat reported on October 3, 2026 that six research firms held a combined Moderate Buy view, with an average 1-year target of GBp 881.33. That consensus target was 3.2 percent below the reference price, making the shareholder vote and the 940p transaction terms the key numerical reference points for the stock.