02:02 PM EDT, 06/13/2025 (MT Newswires) -- KKR (KKR) submitted a preliminary cash offer to buy all shares of UK-based Spectris on June 5, but the board rejected the proposal, Spectris said in a statement Friday.

This was KKR's second approach to Spectris, and the company has not received any new proposal since then, Spectris said.

KKR has asked for access to the same due diligence information that Spectris earlier shared with Advent International, Spectris added.

KKR is currently reviewing that material and has until 5 pm on July 11, to either make a firm offer or walk away, under UK takeover rules, according to the company statement.

Also, Spectris said it is still in talks with Advent regarding a possible cash offer for the company.

Shares of KKR were down about 2% in recent trading.

Price: 122.86, Change: -2.38, Percent Change: -1.90