The number of deals involving UK companies fell to 707, a total value of US$87.43 billion, in the 11 weeks since the Brexit vote. The number of deals involving British companies and the number of deals where British companies were takeover targets both fell to the lowest level in at least two decades. "There is no doubt about it: M&A activity has declined," Tim Gee, London-based M&A partner at law firm Baker & McKenzie, told Reuters. "There is still a reasonable amount of activity by outside investors buying into the UK but there is very little UK to UK activity," Gee said. Even before the vote, Brexit jitters had taken a toll with M&A activity in Britain and Europe at its lowest as a proportion of global activity in a generation.

Source: The Edge Markets September 13, 2016 14:48 UTC