Lamport Bassitt Solicitors - Legal News - UK firms 'may be subject to more mergers and acquisitions'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS UK firms 'may be subject to more mergers and acquisitions' Businesses located in the UK may find themselves subject to a rising number of takeover bids, it has been suggested. According to Graham Secker, head of UK equities at Morgan Stanley, it is "entirely conceivable" that several major firms could face the prospect of acquisition attempts from foreign companies, the Guardian reports. He remarked: "The UK is always open to business thanks to its liberal markets. And as banks become more willing to lend, foreign groups are bound to take advantage of sterling's weakness." Mr Secker went on to point out that, over the last three years, the euro has appreciated in value against the pound by 30 per cent. Meanwhile, Simon Perry from Ernst & Young added that large corporations with strong balance sheets can think strategically as the market begins to stabilise. The news comes in the wake of the takeover of Cadbury's by American multinational firm Kraft. Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News