Mergers and acquisitions: UK takeover activity at lowest recorded level

The Office for National Statistics (ONS) has revealed that takeover activity among UK companies has dropped to the lowest level since records began 45 years ago. It is believed that companies are holding back to assess the strength of the recovery before embarking on deals.

The value of Britain’s mergers and acquisitions (M&A) was £700m between January and March 2014, its lowest level for more than a year and down from £1.2bn in the fourth quarter of 2013. Only 26 companies with a value in excess of £1m were acquired in the period compared with 59 acquisitions in the final quarter of last year.

‘The decline in domestic M&A may be due to UK companies continuing to postpone any real commitment to capital spending and investment until they feel more certain that the domestic economic recovery can be sustained,’ the ONS said…

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