A marked influx of corporate dealmaking has been spotted in Europe, leaving various boards uncertain about the best course of action. Listed European corporations have reported an estimated $40 billion in tender offers during the past quarter as private equity groups and individual investors, including but not limited to Blackstone Inc. and Cinven, search for lucrative deals in the continuantly fluctuating stock sector throughout the region.
In several instances, the targeted companies’ directors find themselves questioning if minority shareholders are receiving a fair bargain. Both online classified company Adevinta ASA and medical diagnostics provider Synlab AG, recently received private equity proposals which, according to their boards, failed to accurately mirror their long-term value. These scenarios have resulted in an irregular action where the boards decided…
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