Lamport Bassitt Solicitors - Legal News - Report: One in ten UK mergers involve distressed firms


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Report: One in ten UK mergers involve distressed firms Corporate insolvency observers might have noted news that almost one in ten UK mergers and acquisitions involved distressed businesses in the first half of 2010. This is according to research by Experian Corpfin on behalf of R3, which showed that the total value of deals for troubled firms amounted to nearly �519 million in the first six months of the year. In fact, of the 1,491 agreements completed in the UK, 141 were related to companies acquired out of administration or insolvency processes. Steven Law, R3 president, commented: "Insolvent businesses continue to feature in a significant proportion of deals within the UK." He went on to add: "The recession may have officially ended but distressed businesses and assets are continuing to come onto the market." Meanwhile, in personal insolvency news, Confused.com recently reported that UK households are typically spending more than �18,500 a year on bills - including rent payments and utilities. Posted by James Walsh 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