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 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.

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.

Shares in Renold were up 0.3% at 80.80 pence in London on Wednesday afternoon. By Michael Hennessey, Alliance News reporter Comments and questions to [email protected] ...

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.

The Federal Aviation Administration said the crash, which involved a Cessna 208B with 15 people onboard, occurred around 5:30 p.m. at Cross Keys Airport in Monroe Township, N.J., about 20 miles ...

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 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.