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Financial directors should be aware that the UK government has introduced new rules to make it easier to intervene in mergers that potentially raise national security concerns due to the target’s ownership of sensitive technology. Under the new rules, acquisitions of companies that produce or own intellectual property relating to military and dual-use products or ‘advanced computer technology’ will be reviewable by the government.
It’s a truth universally acknowledged that political uncertainty can have a chilling effect on M&A activity with business owners tending to shelve any plans they may have until the outlook is clearer. However, new figures show that UK management buy-out (MBO) activity jumped sharply last year, as Brexit negotiations came under the spotlight, and the government lost its parliamentary majority.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.