The investment platform found there had been £49bn worth of successful bids in 2024, up from £17.2bn in 2023, signaling a significant uptick in UK takeovers.
Dan Coatsworth from AJ Bell noted that a bounty of unloved companies were enticing bidders, indicating the UK market presents widespread value, echoing a sense of being 'on sale'.
According to Coatsworth, ideal takeover targets are companies with decent scale that have seen their share prices drift, driven by market concerns over near-term challenges.
As the UK remains perceived as an unloved market, Coatsworth suggests that firms like ITV and B&M could be attractive prospects for potential bidders.
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