UK's Bodycote slips after CVC drops out of takeover race, clearing way for Veritas

** Shares of Bodycote BOY.L down more than 3% to 917.5p

** Stock heads for steepest one-day loss since June 5

** Private equity firm CVC Advisers said it does not plan to make an offer for the thermal processing services provider

** Move clears path for US-based private equity firm Veritas Capital's $2.5 billion takeover offer, backed by Bodycote’s board earlier this month

** As of last close, stock up about 36% YTD