Takeover news takes over the news agenda
There must be something in the water. After a long period of inactivity, the electronics industry has suddenly come alive with a flurry of successful and rejected takeovers.
Infineon was first out of the gate with its $3billion acquisition of International Rectifier. Then Murata bought Peregrine for $471million. Now, CSR has rebuffed Microchip's approach – allegedly offering $3bn.
Is it something to do with the financial year? Did (or do) these companies have cash burning holes in their corporate pockets? Are there executives who have suddenly remembered their job description includes such activities?
More likely is the perception that the global economy is recovering and that such investments will more likely than not pay off.
The question is are there more deals – blockbusters, perhaps – about to be closed?
