Americans are too smart to join UK merger wave

Where are the Americans? That’s what some of the analysts watching foreign companies snap up British companies are wondering.

It seems that acquirers from Asia to Europe are bidding furiously for any British company with reasonable prospects. Spain’s Banco Santander snaps up Abbey and Ferrovial stalks BAA. Germany’s Linde will swallow BOC unless the competition authorities object. Japan’s Toshiba acquires Westinghouse and Nippon Glass picks off venerable Pilkington.

But the Americans sit on their hands or, more precisely, their cash piles.

The merger wave is now at levels not seen since the boom of 1999-2000. The value of announced merger and acquisition (M&A) deals involving companies in the euro area has been running at $10 billion (£5.8 billion) per day, and all global deals at about $20 billion a day.

Executives once reluctant to get involved in hostile takeover bids are shedding their inhibitions and joining the bidding wars. Companies that once contentedly cultivated their local and national markets are now keen to globalise their operations and tap new markets. This newest merger wave is washing across Europe, with British firms among the leading targets.

Read the entire news article on the link below.

600450 Americans are too smart to join UK merger wave

See more news about:

Others also read

Machinery and products for glass: Markets on the upswing, excellent exports performance
The Gimav Studies Centre releases official data on the sector: the growth trend continues for the 8th consecutive year.
British Glass members meet with BEIS to discuss Brexit interests and issues
British Glass is today hosting a face-to-face meeting between the Department for Business, Energy and Industrial Strategy (BEIS) and representatives from flat, container and fibre glass manufacturing.
Iranian glass is developing the global market
Iranian manufacturers are actively mastering the global glass market, paying special attention to new technologies.
Rapid Growth In The Commercial Glazing Sector To Stall – Palmer
A new report from Palmer Market Research suggests that the rapid growth seen across the commercial glazing sector may be about to stall in ‘some areas’.
Flat glass imports to U.S. up this year while exports falling
The U.S. Department of Commerce is reporting that imports of flat glass to the U.S. have increased through the first half of 2017 while exports have decreased during the same time period.
One company which has been supplying glass to the auto industry for more than 80 years, and which is a leading automotive glazing innovator is Saint-Gobain Sekurit.

Add new comment