Saturday 9 July 2016

Post-Brexit, UK now spawns M&A Bargain Hunters

LONDON: In the wake of the country's June 23 vote to leave the European Union, the UK's stocks and currency dropped, presenting an attractive prospect to global buyers looking for cheap assets and giving local businesses an incentive to reduce their exposure at home."Many euro and dollar denominated funds are seeing the weakness of the pound delivering a gift-wrapped buying opportunity, particularly those who have been in divestment mode over the last few years," said Guy
gorman, head of corporate for Clifford Chance LLP. While the volatile markets have killed some deals and thrown others into doubt, bidders willing to take the risk may be rewarded with deep discounts. South African retailer Steinhoff International Holdings NV saw its chance.The company, which had made an unsuccessful takeover offer for British discount chain Poundland Group Plc, scooped up 1.3 million shares of its target on June 24 at a more than 9 per cent markdown to the  ..


  1. Your Dream jobs available on Apply to Telecaller, Computer Operator, Office Assistant, Operator and more!

  2. Nice article thanks for sharing with us. is India’s leading government job portal. Use our advanced job search engine to find all the latest 12th pass govt job 2020, 10th pass govt job, government jobs for 12th pass, government jobs in india, government jobs for engineers, download admit card, etc.