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Story summary
- Veritas (US) agreed to buy Bodycote for £1.84 bn.
- Bodycote shares rose 4.5 % after the announcement, the FTSE 250’s second-largest gain.
- CVC said it may submit a counteroffer for Bodycote.
- Bloomberg data show foreign-acquired UK deals total almost $110 bn this year.
- AJ Bell investment director Russ Mould warned that overseas acquirers could have bleak long-term effects.
