US companies take advantage of weak pound to buy UK firms

Value of deals involving US firms acquiring UK businesses more than doubles

US firms are taking advantage of the cheap pound to snap up some of Britain’s most successful businesses at bargain prices, according to the latest mergers and acquisitions data.

The value of deals involving US companies buying UK businesses more than doubled to £79bn in 2017-18 from £36.8bn in the previous year.

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from US news | The Guardian https://ift.tt/2xMdEh5