RECs fail to produce a spark
Article Abstract:
The third qtr of 1995 saw the biggest quarterly number of successful public share offers in the UK since 1992, but average premiums were disappointing. The 16 deals in the third qtr produced average returns of only 22% and 34% over the target share price one day and one month respectively before the annoucement of the bid talks or offer. The steady growth in the market in 1995 was helped by the regional electricity companies.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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First quarter fizz expected to settle
Article Abstract:
United Kingdom public takeover premiums were surprisingly high in Q1 1997. An average of 40% premium one day before offer publicity and 42% premium one month before offer publicity is reported. A steadier economic climate is anticipated later in the year due to cautious activities before the forthcoming May 1997 parliamentary elections.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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Fourth quarter flurry lifts year
Article Abstract:
The average one month public takeover premium in the UK rose to 41%, with UUNET Technologies of the US paying the highest one day and one month premiums in the fourth quarter. This was followed by 121% and 128% premiums paid by GEC to acquire VSEL.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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