UK’s hand is weak against acquisitive foreigner bidders

By Mike Turner
15 Sep 2020

In just a few days, two of the UK’s largest companies have had acquisition offers made for them by North American rivals. Heading into the 11th hour of a still chaotic Brexit process amid the highest national redundancy levels since the global financial crisis will have more foreign buyers circling yet.

UK chip maker Arm Holdings, a jewel in the country’s corporate crown with a truly dominant position in the cellphone market, is going to be bought by US technology company Nvidia for $40bn in a deal announced on Sunday.

A day later, Canadian security firm GardaWorld made ...

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