{
  "id": 10661921,
  "title": "Veritas on course for Boycote takeover after CVC abandons bid",
  "url": "https://urgent.news/2026/09/29/veritas-on-course-for-boycote-takeover-after-cvc-abandons-bid",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T08:45:36.000Z",
  "source": {
    "name": "Private Equity Wire",
    "slug": "private-equity-wire",
    "url": "https://www.privateequitywire.co.uk/veritas-on-course-for-boycote-takeover-after-cvc-abandons-bid/"
  },
  "original_language": "en",
  "account": "CVC has withdrawn its bid for Bodycote, paving the way for Veritas Capital to finalize its £1.85bn acquisition of the UK-listed thermal processing specialist. Reuters reported on September 28 that Veritas has decided not to pursue a competing offer, following the UK firm's approval of Bodycote's board. Veritas had raised its offer to 940 pence per share earlier in the month, and CVC indicated on September 28 that it would consider its options but ultimately chose not to move forward. Both private equity firms had been competing for Bodycote after submitting similar proposals in August, with Apollo previously withdrawing its £1.52bn bid in June. Bodycote offers thermal processing and metal treatment services to customers in aerospace, defense, automotive, and energy industries, enhancing component and material performance and durability.",
  "summary": "CVC has ended its pursuit of Bodycote, removing the final competing bid for the UK-listed thermal processing specialist and leaving Veritas Capital on track to complete its £1.85bn ($2.45bn) acquisition, including debt, according to a report by Reuters.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}