Allfunds, UK Stocks Touted as Favorite M&A Targets in Survey
- Lower equity valuations set to drive more M&A in UK market
- Allfunds is favorite overall pick, followed by Covestro
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More UK firms are tipped to be takeover targets this year as rock-bottom valuations spark an M&A boom among the country’s stocks.
British stocks accounted for 70% of companies mentioned at least twice in an informal survey of 18 risk-arbitrage desks, traders and analysts conducted by Bloomberg News in March. They included companies such as betting firm 888 Holdings Plc and Direct Line Insurance Group Plc. Overall, Amsterdam-listed Allfunds Group Plc won the single greatest number of votes.