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LATEST NEWS & EVENTS Hostile mergers and acquisitions 'to rise'  The number of hostile mergers and acquisitions taking place in the UK is to rise, it has been predicted. According to Thomson Reuters poll, such activity represented 13 per cent of total volumes in Europe during the first three months of this year. This represented a jump from the 6.6 per cent recorded during the previous quarter and was above the average since 2000 of 7.5 per cent. Meanwhile, globally, hostile approaches represented 6.6 per cent of all activity during the first quarter. Jan Skarbek, deputy head of UK investment banking at Citigroup, remarked: "Divergent views on value between potential bidders and target boards, in particular given economic uncertainty, can make it difficult to agree on 'fair' value." This can encourage bidders to draw the conclusion that they should make public their non-recommended proposals so that the debate can be advanced with shareholders, he added. The markets have been shaken in recent days as a result of the confusion surrounding the UK's general election, with no clear government direction being known. 
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