Unfriendly Take-Over Attempts Are Increasingly Common
Nearly 14% of M&A transactions last year were hostile in nature. In a market where M&A has ballooned to over $2 trillion in deals, this represents a significant portion of deal count and even more so of deal value. Unfriendly takeover bids have skyrocketed to quadruple their value in all of 2013. As acquirers’ appetites and budgets continue to grow, large-cap companies are no longer protected by scale and small- to mid-cap companies remain attractive for growth.