1. Allfunds, UK Stocks Touted as Favorite M&A Targets in Survey.
- Author
-
Muller, Alexandra and Ponthus, Julien
- Subjects
MERGERS & acquisitions ,GOING public (Securities) ,INVESTORS ,SMALL business ,STOCK funds ,PRIVATE equity - Abstract
According to an informal survey conducted by Bloomberg News, UK firms are expected to be popular targets for mergers and acquisitions (M&A) this year due to their low valuations. British stocks accounted for 70% of companies mentioned in the survey, including companies like 888 Holdings and Direct Line Insurance Group. The FTSE 350 Index's significant discount compared to the MSCI World Index has attracted bargain hunters. Smaller UK companies, in particular, have seen increased attention from cash-rich private equity firms and corporate acquirers. There have already been 14 takeover offers for UK firms with a market capitalization of at least £100 million this year. Allfunds Group and Covestro AG were mentioned as potential targets. The survey suggests that dealmaking activity in Europe is expected to rebound this year, with the UK accounting for a significant portion of pending and completed deals. [Extracted from the article]
- Published
- 2024