Thu, 03 Jun 2010 | BUSINESS SALE
Almost half of all UK-listed companies targeted in takeover bids in the past two years have been bought by overseas buyers, according to research by the City law firm, Wedlake Bell.
The survey found that in the first quarter of this year the proportion of foreign bidders for UK companies rose to 53% – almost double the 27% recorded in the first quarter of 2008.
This trend is most likely due to the relatively low value of sterling and the improving economy.
A spokesperson at Wedlake Bell, said: "More and more foreign companies see the UK as a good place to invest. And the quickest way is to acquire companies."
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