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UK's Elementis gets over 1 billion stg takeover bid from U.S.-based Innospec: Sky

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(Reuters) - British chemical company Elementis Plc has got a fresh takeover bid from U.S.-based Innospec Inc that values it at over 1 billion pounds, Sky News reported on Monday.

Nasdaq-listed Innospec has approached its smaller UK peer for a cash-and-stock takeover deal, the report said https://news.sky.com/story/chemicals-group-elementis-draws-1bn-takeover-interest-from-nasdaq-listed-innospec-12280682.

The companies would come under pressure to confirm the deal in stock market announcements on Tuesday, it added.

Neither Elementis nor Innospec immediately responded to a Reuters request for comment.

(Reporting by Derek Francis in Bengaluru; Editing by Chizu Nomiyama)