Mergers and Bids Dominate Market

Summary


In a fairly light week for economic news we have seen the UK markets dominated by mergers and acquisitions talks. So far this week we have seen three major British companies receive takeover approaches as well as the independent directors at Cardiff based- Peacock Group agreeing to a pounds 404m management buyout.

Spain's largest telephone company Telefonica is attempting to buy O for around pounds 18bn, which if successful would create the second largest listed international telecoms company in the world behind Vodafone.

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Extract


Mergers and Bids Dominate Market

However, some city commentators are suggesting that the German telecoms group ...

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