Cadbury was the first to surrender to foreign predators, when it was sold to American food group Kraft for £11.5bn. Germany’s Deutsche Bahn bought Arriva for £2.4bn, and the £1.8bn Korean acquisition of Dana Petroleum soon followed. There is, of course, also News Corp’s ongoing struggle to take full control of BSkyB, likely to be worth £7.8bn.
UK firms have been even more susceptible to foreign takeovers this year because of the weakness of sterling – coupled, of course, with our reputation for laxness when it comes to scrutinising foreign takeovers. Any bets on who’ll be next?