Deals
Boards Dither Over Buyout Bids in $40 Billion Takeover Wave
- Adevinta, Synlab boards say offers are below long-term value
- Directors refrain from making recommendation to shareholders
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A wave of dealmaking has come to Europe, and corporate boards aren’t sure what to do about it.
Listed European companies have received about $40 billion in takeover bids over the past three months, as everyone from Blackstone Inc. to Cinven hunts for bargains in the region’s depressed stock markets. In several cases, the target’s directors can’t decide whether minority shareholders are getting a good deal.