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Senior PLC on Friday said it has extended the deadline for a revised takeover offer from Advent International LP. The Hertfordshire-based engineering and manufacturing company said it agreed to the delay due to ongoing talks between the two companies, which follow Senior’s earlier rejection of a takeover offer by Advent. The deadline for Advent to make a revised firm offer or walk away now is on April 17, pushed back from Friday. Earlier in March, Advent offered up to 272 pence per Senior share, of which 270 pence would be in cash, with shareholders also having the right to retain any 2025 final dividend from Senior of up to 2p per share. Senior shares were flat at 276.00 pence on Friday morning in London. The stock is up 74% over the past year. Senior rejected the offer by the Boston, Massachusetts-based private equity firm. Senior on Friday said discussions with other potential bidders continue. It confirmed in early March that it had received an all-cash offer from a consortium comprising of California-based investor Tinicum Inc, and funds and vehicles managed by New York-based private equity firm Blackstone Inc. The financial terms of that offer were not disclosed, and the consortium has until the end of this month to declare whether it intends to make a firm offer for Senior. Senior also earlier this month postponed its £40 million share buyback programme to facilitate possible takeover negotiations. Senior at the time also reported its full-year results. Pretax profit declined 8.8% to £34.1 million in 2025 from £37.4 million in 2024, even as revenue rose 4.4% to £738.2 million from £707.4 million. Adjusted pretax profit from continuing operations increased 21% to £51.2 million from £42.2 million, while adjusted operating profit climbed 20% to £63.6 million, lifting the adjusted operating margin to 8.6% from 7.5%. Senior had expressed a confident view of the year ahead in its outlook, forecasting further growth in Aerospace as a result of increase defence demand. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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