ABB has launched an all-cash takeover of Rotork PLC 9½% Cum. Pref. Shs (LSE:ROR) at 503–506p valuing the firm ~£4.08–4.136bn for completion by H1 2027, prompting Berenberg to raise its ROR target to 503p and Davidson Kempner to disclose a ≥1% stake amid the bid.
Previous Week Recap
- ABB Offers Cash Takeover: Rotork PLC 9½% Cum. Pref. Shs (ROR): ABB offered 503–506p per share in an all-cash takeover via a Scheme of Arrangement. Deal values Rotork at ~£4.08–4.136bn; closing H1 2027, pending approvals.
- Berenberg Ups ROR Target: Berenberg cut Rotork PLC 9½% Cum. Pref. Shares (ROR) to Hold and lifted its price target to 503p from 420p — only analyst action noted; key for traders: rating and target change.
- Davidson Kempner 1% Stake: Davidson Kempner disclosed a stake of at least 1% in Rotork PLC 9½% Cumulative Preference Shares (ROR) via a Form 8.3 under the UK Takeover Code; exact holding size not specified.
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