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Why foreign buyers are racing to snap up UK companies

A post-election rally in the pound could push more bidders hostile as they look to get deals done quickly

Need for Speed: As the pound rallies, foreign bidders may have to move quickly to take over UK firms. The London Stock Exchange, pictured here on the day of the trading debut of carmaker Aston Martin Lagonda in October 2018, was the subject of an approach from its Hong Kong rival two months ago
Need for Speed: As the pound rallies, foreign bidders may have to move quickly to take over UK firms. The London Stock Exchange, pictured here on the day of the trading debut of carmaker Aston Martin Lagonda in October 2018, was the subject of an approach from its Hong Kong rival two months ago Photo: Getty Images

Just Eat. G4S. The London Stock Exchange. These are some of the UK-listed companies that have been targeted by hostile bidders in the past year, as foreign buyers took advantage of depressed valuations to expand their growth.

There were 12 hostile bids, including unsuccessful attempts, out of a total of 77 for British companies in the 12 months to October 31, accounting for 16% of the total, according to research from international law firm Pinsent Masons.

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