London's M&A Frenzy: Shareholders Rebel Against Rock-Bottom Takeover Offers

Shareholders are finally finding their voice. AJ Bell expects total London takeover bids to hit £69.3bn by year-end, but the real story is that low-ball offers are being rejected more than ever. FTSE 100 giants Segro and Intertek both turned down three bids each before bidders returned with sweeter deals — proving that saying "no" actually works. Cavendish's head of public M&A Henrik Persson says investors are "emboldened," and the result is that acquirers are being...