Dan Coatsworth, head of markets at AJ Bell, said: “Overseas predators are continuing to target UK companies, further diminishing the breadth, depth and quality of the London market.
“The latest name to fall prey to a bid is engineer Rotork. The UK is home to several UK industrial businesses who are global leaders, albeit in niche areas.
“A takeover approach from Swiss engineering giant ABB is likely to see their ranks thinned, with Rotork’s board having signed off on the deal and shareholders likely to fall in line given the offer is in cash and pitched at a healthy premium.”
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