Bodycote plc (LON:BOY) has noted the statement by Apollo Management X, L.P., on behalf of certain of its managed investment funds, that it does not intend to make a firm offer for Bodycote and that it is consequently bound by the restrictions under Rule 2.8 of the City Code on Takeovers and Mergers.
The Board of Bodycote has strong confidence in Bodycote’s potential and its strategy to create a high-performing, resilient business with attractive growth prospects. Bodycote continues to execute well on the group’s Optimise, Perform and Grow initiatives, with a positive start to 2026 trading as set out in the AGM trading update of 27 May 2026.
As a result of the announcement by Apollo, Bodycote is no longer in an offer period for the purposes of the Code.
