Industrial chain manufacturer Renold, which is the subject of a recommended takeover offer, has bought a long-established Italian counterpart in a deal worth £10m. The international supplier of ...

Renold disclosed interest from the London based private equity firm on May 20 and subsequently agreed to a 186.7 million-pound ($250.7 million) takeover from U.S private equity firm MPE on Friday.

MPE Bidco, a newly formed corporation backed by U.S. private-equity firm MPE, said each shareholder of the British company would receive 82 pence in cash for each ordinary share.

Renold PLC (AIM:LON: RNO) has agreed to a £187 million cash takeover by MPE Bidco, a company backed by US private equity firm MPE. The 82p-a-share offer values Renold at a 50% premium to Monday’s ...

Renold's board said the deal offers shareholders an immediate cash return at a significant premium and faster access to growth capital, which may be harder to raise as a listed company.

Investing.com -- Renold (LON:RNO) stock surged 10.8% after the company announced Friday it has reached an agreement with Bidco, a vehicle backed by private equity firm MPE, on the terms of a ...

LONDON - MPE Bidco, a newly-formed corporation controlled by funds managed by MPE Management Co., LLC, has agreed to acquire industrial chain manufacturer Renold plc (LSE:RNO) in a cash deal ...

Renold has grown revenue from £165.3 million in 2021, to £241.4 million in 2024, and adjusted operating profit from £11.4 million to £29.7 million.

Renold Shares Jump on Takeover Proposals Published: May 20, 2025, 5:41 a.m. ET Share Resize ...

MANCHESTER - Renold plc, a global industrial chain and torque transmission product manufacturer, announced on Tuesday that its Board has declared a half-yearly payment for preference stockholders. The ...

Ampaire claims the hybrid-electric, retrofit-ready AMP-H570 aircraft propulsion system can deliver up to a 70% reduction in fuel burn and emissions, along with 40% lower operating costs, compared ...