UK M&A firms punching above their weight: Being bold, moving fast and paying cash key to takeover triumphs

 
Michael Bow
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The study examined 265,000 deals over 20 years

Companies pursuing aggressive merger and acquisition strategies deliver higher returns for shareholders than firms which act with more caution, a study finds.
Businesses offering all-cash bids, and those that pursue overseas targets and avoid large transformational deals outperform their peers on a total shareholder return basis, the report said.
UK firms including Capita, Icap, Aberdeen Asset Management, SABMiller, Moneysupermarket.com, Shire and Go-Ahead Group were identified as companies which outperformed their peers due to their M&A strategy
About 16 per cent of firms in the UK were identified as having stronger M&A skills than their peers, while the US had just eight per cent.

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