Takeover Offers

• Three additional companies are preparing to leave the London Stock Exchange following a series of takeover offers. • This trend follows a broader wave of mergers and acquisitions that are removing firms from the capital's under-pressure stock market. • While current investors are benefiting from immediate financial payoffs, analysts warn that the long-term implications for the UK market could be bleak.

Latest purchases take value of deals to leave capital’s stock market this year past $100bnThree more London-listed companies are set to be taken over as the value of deals removing firms from the capital’s under-pressure stock market passes $100bn (£74bn) so far this year.On Tuesday, Bodycote, the FTSE 250 industrials group that has been listed on the London Stock Exchange since 1972, agreed a £1.84bn takeover by the US private equity group Veritas. Continue reading...