As global tumult grows, UK Plc’s stability, bargains appeal to dealmakers

So far this year, there have already been 30 bids for UK companies valued at more than £100mil (US$135mil). — Reuters

MORE than US$10bil in bids for British companies announced on Monday, this year’s busiest day according to Dealogic data, shows how low valuations and the market’s relative stability were attracting rivals and funds after a volatility-induced pause.

Companies may also be using the opportunity to enter the United Kingdom market before potential further weakening of the dollar or strengthening of the pound made future transactions more expensive, analysts said.