Post-Brexit UK spawns M&A bargain hunters

Good opportunity: Twenty-First Century Fox Inc could take advantage of the weaker pound to bid for the rest of TV broadcaster Sky Plc it doesn’t own. – Reuters

TOURISTS aren’t the only ones flocking to Britain for bargains.

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.