Bodycote stock faces a GBp 940 Veritas takeover after bid race ends
Published on 10/04/2026 at 21:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Bodycote stock faces a GBp 940 takeover offer from Veritas Capital after the competing bid race narrowed, while the shares were last at GBp 910.50 on October 2, 2026. Reuters reported on September 28, 2026, that CVC no longer planned to make an offer, leaving Veritas as the remaining bidder.
GBp 940 offer sets the anchor
The Veritas proposal values each share at GBp 940, comprising GBp 932.8 in cash and a GBp 7.2 interim dividend. The offer stands 3.2 percent above the October 2 share price, giving the transaction a clear market reference.
According to Sharecast on September 28, 2026, Bodycote agreed to the Veritas proposal at GBp 940 per share after earlier approaches of GBp 915 and GBp 914. The difference between the live offer and the earlier bids shows why CVC's withdrawal matters for the remaining process.
Analysts remain below the offer
MarketBeat reported on October 3, 2026, that six analysts held a Moderate Buy consensus, split between three Buy and three Hold ratings, with an average 12-month target of GBp 881.33.
The same published review listed targets from GBp 900 to GBp 960. RBC raised its target from GBp 750 to GBp 950, while Berenberg lifted its target from GBp 900 to GBp 933; Deutsche Bank maintained a GBp 960 target and Jefferies kept a GBp 900 target, all in reports cited by MarketBeat.
Stock remains below its yearly high
Bodycote stock had a 52-week range of GBp 585 to GBp 967.50 on October 2, 2026. The last price was GBp 910.50, and trading volume reached 881,812 shares, placing the stock below its yearly high while the takeover terms set a higher cash benchmark.
The market capitalization was GBP 1.5 billion on October 2, 2026. The company provides heat treatment and specialist thermal processing services for metals and alloys, a business description published by MarketBeat.
Scheme process points to 2027
The takeover still requires shareholder and court approvals under the proposed scheme. Financial Times reported on September 28, 2026, that the acquisition was expected to become effective in the first quarter of 2027 if the required conditions are met.
Bodycote stock facts
- Company: Bodycote plc
- ISIN: GB00B3FLWH99
- Ticker: BOY.L
- Trading venue: London Stock Exchange
- Price (as of October 2, 2026, 4:35 p.m. London time): GBp 910.50
- Market capitalization: GBP 1.5 billion (as of October 2, 2026)
- 52-week range: GBp 585-967.50 (as of October 2, 2026)
- Sector / Industry: Industrials / thermal processing services
- Index membership: FTSE 250
