Spot a takeover bid early to reap the rewards | Money

A series of takeover bids since last year’s Brexit vote have been launched by international buyers seeking to exploit the 15 per cent plunge in the pound which has made UK companies appear cheap.

Among the high-profile takeover attempts are Kraft Heinz’s bid for Unilever, the French group Schneider Electric’s move on the software company Aveva, and the bid for the luxury shoemaker Jimmy Choo by Michael Kors, the US fashion company.

The first of these bids failed, but the other two succeeded, and there could be plenty more in the pipeline, according to stock market experts. Russ Mould of AJ Bell, the stockbroker, says that UK stocks still look attractive to foreign buyers while investors who can identify potential takeover targets can be richly…

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