Hostile Takeovers Heating Up
Who said dealmaking is dead? While overall merger and acquisition activity has plummeted, there is one area of the deal market that’s abuzz with activity: the hostile takeovers, or unsolicited takeover bids, for those who’d like to put a friendlier gloss on the transaction. Kraft Foods made a $16.3 billion bid today for British candy-maker Cadbury. The food giant isn’t the only well-heeled company to launch that kind of bid. In May PepsiCo tried to acquire PepsiAmericas Inc. And recently Roche, Samsung, and InBev tried their hands at takeovers as well. In fact, hostile takeovers actually make up over 10% of M&A activity in the past 12 months. That means the vultures are feasting.
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