U.K. Deal Bonanza Poised to Hit Record Amid Brexit Concerns
Dealmaking in the U.K. is poised to hit a record this year as a surge in foreign takeover interest eclipses Brexit jitters. Acquisitions involving British firms have soared to more than $275 billion this year, on track for an annual high, according to data compiled by Bloomberg, helping power an acceleration in global deals. Takeda Pharmaceutical Co. is pursuing U.K.-listed biotech Shire Plc for $64 billion and Britain’s largest pay-TV company Sky Plc is juggling multiple suitors in the two biggest deals through April.