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The proposals are subject to due diligence, board approval, a scheme implementation deed, among other conditions.
Shares in Chemring bounced after takeover rumours emerged. Bain Capital, one of the world’s largest private equity firms, has reportedly launched a takeover bid for defence group Chemring.
The headquarters is located in Genoa (Italy). Bain is an American private equity firm in the sector of private and venture capital investments, lending, investments in biotechnology and real estate.