Two of the biggest takeover sagas of the year look set to be resolved this week as deal mania sweeps the City. BHP has been set a deadline of 5pm on Wednesday to table its bid for Anglo after the miner last week rebuffed its Australian rival's third offer. The IDS board last week backed a £3.5billion bid from Kretinsky – the firm's biggest shareholder. Last week, Britain's biggest investment platform Hargreaves Lansdown became the latest London-listed company to be targeted by foreign buyers. One analyst has warned the market is the target of a take-over 'feeding frenzy', as buyers swoop on undervalued firms.

Source: Daily Mail May 26, 2024 20:53 UTC