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UK Public M&A 2020 under the Takeover Code: Deal Trends, P2P and Overseas Bidders, COVID-19 Impact, Legal and Regulatory Developments, and 2021 Outlook
ARCHIVED: This content was published in 2021 and is not maintained.
The Market Standards trend report delivers detailed examination of the 42 firm offers, 45 possible offers and 13 formal sale processes and/or strategic reviews announced by Main Market and AIM companies subject to the Takeover Code in 2020. It shares insight on public M&A patterns and what we and our contributors anticipate for 2021 and beyond.
What does the Market Standards trend report cover?
Topics explored include:
transaction value and volume
transaction structures
hostile, rival and mandatory bids
P2P transactions
domestic and international bidder activity
sector focus
post-offer statements of intention (POI statements) and COVID-19
legal and regulatory changes
outlook for 2021
The report also studies high‑profile deals, such as Intact Financial and Tryg’s £7.2bn bid for RSA Insurance Group, GardaWorld’s £3.7bn hostile bid for G4S, Allied Universal’s £3.8bn rival bid for G4S, and Caesar Entertainment’s £2.9bn offer for William Hill.
What are the highlights from the report?
Public M&A activity rose sharply in H2 2020 relative to the first half of the year as global markets...
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