Showing posts with label Providence. Show all posts
Showing posts with label Providence. Show all posts

Thursday, 30 July 2015

A Reed & Mackay update...

Wow - public market takeover deals are coming thick and fast this week, with another two announced this morning. They are: US-based Delphi Automotive's £1 billion purchase of cable maker HellermannTyton;  and Providence/WPP's £350 million approach for PR group Chime.

Given a lot of this week's bids have come from American companies (e.g. Honeywell/Elster), it would appear the Americans are really making hay while the dollar is strong.