London Stock Exchange to lose three more firms after takeover offers
The London Stock Exchange faces further contraction as three more companies, including Bodycote and Gamma Communications, are set to be taken over by private equity firms. The total value of such deals this year has exceeded $100 billion.
Why it matters
Reflects a broader trend of companies exiting public markets in favor of private ownership, raising concerns about the health and liquidity of the London stock market.
The takeovers put further pressure on the London Stock Exchange. The takeovers put further pressure on the London Stock Exchange. London Stock Exchange London Stock Exchange to lose three more firms after takeover offers Latest purchases take value of deals to leave capital’s stock market this year past $100bn
Prefer the Guardian on Google Three more London-listed companies are set to be taken over as the value of deals removing firms from the capital’s under-pressure stock market passes $100bn (£74bn) so far this year.
On Tuesday, Bodycote, the FTSE 250 industrials group that has been listed on the London Stock Exchange since 1972, agreed a £1.84bn takeover by the US private equity group Veritas.
The Macclesfield-based company, which offers services including heat treatment for manufacturing, metal joining and protective metallic coatings, had been the subject of a bidding war against the rival European buyout group CVC.
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