ONS figures for April to June show total value of mergers and acquisitions surging to £27.7bn after £8.3bn in first quarter
Takeovers of UK companies by foreign firms have surged to the highest point since the end of 2018, with more major deals under negotiation, including the £7bn sale of Morrisons to a US private equity house.
Mergers and acquisitions conducted by foreign companies of UK firms were worth £27.7bn between April and June, up from £8.3bn in the first quarter, according to the latest figures from the Office for National Statistics (ONS). That was the highest level since the last three months of 2018, when US cable giant Comcast’s £30bn takeover of Sky pushed the quarter’s total to £33.3bn.