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(From Accountancy Age)
The cross-border takeover has arrived, analysts said in the wake of the GBP25bn takeover flurry that gripped the London Stock Exchange last week.
The deal frenzy on 'Merger Monday' involved some of the UK's largest listed groups.
O2 received a GBP17bn bid from Spanish telecoms group Telefonica, Vodafone announced its intention to sell its Swedish business for GBP670m, and P&O was in discussions with UAE group Dubai Ports World. Glass maker Pilkington also received a prospective GBP2bn bid from Japan's Nippon Sheet Glass.
David Brooks, head of M&A at Grant Thornton, said the flood of deals showed global transactions …