UK public M&A Trend Report update—1 Jan–31 March 2018

UK public M&A Trend Report update—1 Jan–31 March 2018
Lexis®PSL Corporate and Market Tracker has conducted research to examine the current trends in UK public M&A for the period 1 January 2018 to 31 March 2018.
Background and approachLexis®PSL Corporate and Market Tracker have conducted research to examine the current trends in respect of UK public M&A. Data for this report has been sourced from the Market Tracker transaction data analysis tool which allows users to access, analyse and compare the specific features of numerous corporate transactions. This is an update to our latest Market Tracker Trend Report which reviewed trends in UK public M&A in 2017. Click here for that trend report.For the purposes of this update we analysed the period between 1 January 2018 to 31 March 2018 (the 2018 Review Period). While comparisons have been made to the same period of 2017 (1 January 2017-31 March 2017) (the 2017 Review Period) definitive conclusions can only be made on the completion of the full year trend report of 2018.We reviewed a total of 25 transactions that were subject to the Takeover Code (the Code): 13 firm offers (7 for Main Market companies, 6 for AIM), 10 possible offers (8 for Main Market and 2 for AIM companies) and 2 formal sale processes (FSP

) (2 AIM companies).

The percentages included in this update have been rounded up or down to whole numbers, as appropriate.

Possible offers (made under Rule 2.4):

Announcement date Deal Market for target shares
28 March 2018 Shire plc-possible offer by Takeda Pharmaceuticals Limited Main Market
22 March 2018 Vipera plc possible offer by Banca Sella Holding S.p.A. AIM
19 March 2018 Hammerson plc possible offer by Klepierre S.A.

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