Fri, 23 Apr 2010 | MERGER
Evidence that UK businesses are gearing themselves up for more mergers and acquisitions is backed up by two surveys from the country's top accountancy firms.
Ernst and Young said 42 percent of businesses surveyed were putting capital aside for takeover activity rather than paying down debts. This compares to just 25 percent six months ago.
The accountancy firm, BDO, found that 80 percent of mid-market UK businesses have planned acquisitions this year. These businesses have set a target of buying up an average of 2.5 companies each.
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