Stat of the day: 26%

The proportion of acquisitions of UK-listed companies made by US buyers.

by
Last Updated: 09 Oct 2013
The US may be engulfed in a debt crisis, but those with a bit of cash are taking advantage of a similarly weak economy across the pond. According to figures by City law firm Wedlake Bell, US buyers accounted for 26% of all acquisitions of the UK’s listed companies in the year to June 2011.

The figures suggested US buyers took over 22 listed companies in the UK in the last 12 months – an increase of 83% from the previous year.  The research found that technology, renewable resources and media companies were seen as particularly hot investments. Tim Bird, partner at Wedlake Bell, said this is thanks to the UK’s reputation as a ‘great incubator for new ideas and technologies.’

May as well get their offers in while they still can: if campaigners who are upset about the Cadbury/Kraft debacle get their own way, taking over a UK company might be set to get a lot harder…

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