23.10.2008 - SWFs target UK plc
From Accountancyage.com: Grant Thornton says that government intervention is making UK plcs a takeover target for sovereign wealth funds, which could put more FDs in the firing line. Corporate finance experts at the firm have seen an upswing in man-dates from offshore outfits looking to make bargain acquisitions in the UK, especially from fast developing nations such as India, with many of these firms seeing the extent of economic difficulties affecting the UK economy as offering a golden opportunity to snap up bargains..... Full Article: Source