There have been 21 major bids for UK-quoted companies so far this year and eight of them have been AIM companies. May and June were particularly active, partly due to the bid for Morrisons. Peel Hunt believes the UK market offers lower valuations than some of the other major markets.
The bids and proposed bids are worth a total of £24.4bn. Only two of these bids have been completed (AFH Financial and RDI REIT), although most of the others are recommended. There are four possible bids that have not been finalised, including William Morrison Supermarkets (LON: MRW), Ultra Electronics (LON: U...
