They have been described as sitting ducks: UK-listed companies that really ought to be more highly valued and are therefore ripe for being picked off by cash-rich foreign predators.
It’s bad news for the London market but for private investors, picking the right takeover target can mean a quick profit, as bidders normally have to pay well above the current share price to win control.
And the bids have started coming thick and fast with every few days seeming to