, Columnist
Slim Pickings in the Brexit Bargain Bin
The rapid jump in stock prices after the vote has been a defense.
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Foreign takeovers of British companies have been surprisingly few given the fall in sterling since Britons voted to leave the European Union in June. The bids for chip-designer Arm Holdings Plc, broadcaster Sky Plc and pubs group Punch Taverns are the only post-referendum deals for U.K. firms worth more than $1 billion, according to Bloomberg data. Activity has been only slightly busier among large private companies.
It seems something more than sterling weakness will be needed to see swathes of U.K. Plc sold off to foreigners.