U.K. Flooded by Foreign Activist Investors Undeterred by Brexit

(Bloomberg) A weaker pound and rally in U.S. markets have prompted activist investors including billionaire Paul Singer’s Elliott Management Corp. to increasingly target U.K. companies, outstripping the number of public campaigns by locally based funds. Sixty percent of the Britain-based companies that have been publicly subjected to activist demands this year were targeted by investors that aren’t headquartered in the U.K., according to researcher Activist Insight. That compares to an average of 38 percent annually for the previous five years.

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