Breakingviews: Why hostile takeovers are rare in the UK—and how takeover-code dynamics shape premiums
An analysis of recent UK M&A activity—including deals involving easyJet and Rotork—finds that bidders have been extracting more than 50% premiums from targets’ boards. The piece argues that regulation, due diligence expectations, and the UK takeover code help explain why more acquirers do not pursue hostile approaches.
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