PRACTICE NOTES
UK Takeover Code public M&A 2019: volumes up, values down; private equity and foreign bidders; activism; legal and regulatory developments; 2020 outlook
ARCHIVED: This content was published in 2020 and is not maintained.
The Market Standards trend report presents detailed examination of the 66 firm offers and 45 possible offers made for quoted companies governed by the Takeover Code during 2019. It also shares insight into public M&A patterns and what we might expect in 2020 and thereafter.
What does the Market Standards trend report cover?
transaction value and volume
private equity participation
hostile takeovers and rival bids
sector focus
UK and overseas bidder activity
shareholder activism
post-offer undertakings and national security undertakings
legal and regulatory developments
The report assesses headline transactions, including the Takeaway.com/Prosus competing bids for Just Eat, Advent International’s £4bn offer for Cobham, the £2.6bn consortium bid for Inmarsat, and Non-Standard Finance’s £1.3bn hostile approach for Provident Financial.
What are the highlights from the report?
Public M&A deal volume increased markedly in 2019 (66 firm offers)...
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