Belfast Telegraph

Colfax winning £1.5bn battle to buy Charter

A £1.5bn bidding war for the UK engineering firm Charter looks to have been won by American manufacturing company Colfax.

Charter, which is focused on welding, cutting and automation and on air and gas handling, has been the subject of takeover interest for two months. Colfax was spurred into action after Melrose raised its offer for the third time and Charter opened its books for due diligence to the UK-based turnaround specialist.