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BRCK Group PLC on Tuesday said it rejected a takeover offer from the American private equity firm Atlas Holdings LLC, believing it undervalued the company. BRCK shares were up 26% to 51.60 pence each on Monday morning in London for a total market capitalisation of £164.9 million. The Bridgend, Wales-based construction industry supplier of specialist products said it received a non-binding approach from Atlas to acquire its entire share capital on February 17. Greenwich, Connecticut-based Atlas then put forward an indicative proposal of 65 pence per BRCK in cash, valuing the company at approximately £209.4 million. The proposal was unanimously rejected by BRCK’s board, which believed it significantly undervalued the company. The board, however, agreed to provide some limited information to the private equity firm to improve its indicative offer price before entering into a detailed due diligence process. Atlas has until April 28 to announce a firm intention to make an offer or walk away under UK takeover rules. BRCK said that it remains fully confident in its prospects as an independent listed company and in the execution of its strategy. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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