---
title: "Weekly Recap: ABB offer for Rotork and Berenberg cuts to Hold, lifts target"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293164971.md"
description: "ABB launched an all-cash takeover bid for Rotork PLC at 503-506p per share, valuing the company at approximately £4.1bn with completion expected by H1 2027. Following the announcement, Berenberg upgraded its price target to 503p and cut its rating to Hold. Additionally, Davidson Kempner disclosed a stake of at least 1% in Rotork."
datetime: "2026-07-20T05:14:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293164971.md)
  - [en](https://longbridge.com/en/news/293164971.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293164971.md)
generator: "portal-rs"
---

# Weekly Recap: ABB offer for Rotork and Berenberg cuts to Hold, lifts target

ABB has launched an all-cash takeover of Rotork PLC 9½% Cum. Pref. Shs (LSE:ROR) at 503–506p valuing the firm ~£4.08–4.136bn for completion by H1 2027, prompting Berenberg to raise its ROR target to 503p and Davidson Kempner to disclose a ≥1% stake amid the bid.

**Previous Week Recap**

-   **ABB Offers Cash Takeover**: Rotork PLC 9½% Cum. Pref. Shs (ROR): ABB offered 503–506p per share in an all-cash takeover via a Scheme of Arrangement. Deal values Rotork at ~£4.08–4.136bn; closing H1 2027, pending approvals. 1 2 3
-   **Berenberg Ups ROR Target**: Berenberg cut Rotork PLC 9½% Cum. Pref. Shares (ROR) to Hold and lifted its price target to 503p from 420p — only analyst action noted; key for traders: rating and target change. 4
-   **Davidson Kempner 1% Stake**: Davidson Kempner disclosed a stake of at least 1% in Rotork PLC 9½% Cumulative Preference Shares (ROR) via a Form 8.3 under the UK Takeover Code; exact holding size not specified. 5

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**