Ups and downs for ABBs
High levels of liquidity and low levels of volatility have provided a conducive backdrop for quick-to-market deals this week — but not every transaction has had an easy ride. UK aerospace group Meggitt part-funded a bolt-on acquisition with a 10% cash-box deal that was strongly supported by the existing shareholder base and multiple times oversubscribed on Tuesday. Attention then turned to sell-downs on Wednesday, with deals in Brenntag, Repsol, Global Trade Centre and Bank Leumi totalling $1.9bn but not all went smoothly. Read EuroWeek on Friday for full details.
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