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U.K. Plc Pursued Again
International investors are stepping up the chase for takeovers in Britain
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British companies, ranging from broadcaster Sky Plc to coffee chain Costa, remain appealing to international acquirers, which are flush with funding and chasing growth. Couple that with a surge in activist investors pushing for divestments, and companies are finally offloading brands whose sales have been rumored for years. Inbound deal volumes stand at about $122 billion so far this year, the highest level since 2015, before the U.K. voted for Brexit.