ALEX BRUMMER: Foreign buyers are snapping up UK assets on the cheap
Barely a week passes when the discount on share valuations on the London Stock Exchange doesn't result in an overseas takeover.
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Barely a week passes when the discount on share valuations on the London Stock Exchange doesn't result in an overseas takeover.
In spite of owning 59% of the stock, Schneider, advised by Citi, has struggled to get an offer which values Aveva at just under £10bn over the line.
In spite of owning 59% of the stock, Schneider, advised by Citi, has struggled to get an offer which values Aveva at just under £10bn over the line.
New UK defense takeovers "are a real and present danger, especially for mid-tier suppliers, who appear to be particularly vulnerable,” said Andrew Kinniburgh, director general at Make UK Defense, a manufacturing advisory body.
The decision on Newport Wafer Fab is a victory for common sense