Foreign acquirers — mainly from the US — are targeting UK companies again. This time they’re being forced to pay up. Forget the apparent cheap valuations of London stocks when a handful of shares are traded. Buying an entire UK company means burning a hole in your pocket.

The first quarter of 2024 has seen a rash of eye-catching approaches. Connecticut-based GXO Logistics Inc. agreed to buy UK warehouse and transportation peer Wincanton Plc at more than double the stock’s pre-bid market price, trumping a rival offer agreed at a 62% premium. Keysight Technologies Inc. of California agreed to buy Spirent Communications Plc for an 86% premium, again elbowing aside another high-priced deal endorsed by the UK target.

QOSHE - Think UK Stocks Are Cheap? Try Buying a Whole Company. - Chris Hughes
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Think UK Stocks Are Cheap? Try Buying a Whole Company.

10 1
04.04.2024

Foreign acquirers — mainly from the US — are targeting UK companies again. This time they’re being forced to pay up. Forget the apparent cheap valuations of London stocks when........

© Bloomberg

Get it on Google Play