US-based manufacturer Colfax has bid £1.5bn for Charter International, owner of two engineering firms specialising in welding and automation as well as air and gas handling.
Two weeks ago buy out firm Melrose made an offer of 850p per share (equal to £1.42bn), after Charter rejected its two previous offers. Colfax’s offer of £1.5bn is equal to 910p per share – far above what Charter expected, according to a company spokesperson. “The board believes this is an attractive offer for Charter…
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