4_Corporate_raiders_ And_bankrupts.pdf

1. An investor turns into a raider - when he acquires a high number of shares in a company.
2. A high number of shares - gives a raider a strong power over decisions.
3. Bankruptcy - prevents getting loans.
4. A company in debts - can pay off creditors if it sells its assets.
5. Filing for bankruptcy - gives debtors only one advantage.
6. A legal procedure against a debtor - is raised by selling properties.
7. Capital to pay creditors - is avoided when debts are paid.

Corporate raiders seek Brexit bargains in Britain
Overseas buyers, attracted by the fall in the pound's value, are looking to seize British
companies since Britain voted to leave the European Union. Almost
130 transactions for British firms, totalling $ 23.9 billion, have been
made by foreign companies since June 23, according to Thomson Reuters
data, compared with 134 deals, amounting to $ 53.6 billion, in the
month leading up to the vote.
The list of British takeovers will grow in the future, according to bankers who are working
on behalf of foreign companies interested in UK targets. Shareholders have already lost
high amounts of money and they tend to sell for fear that the pound may drop further.
In fact, the pound has fallen to $ 1.28, its lowest since September
1985. “Clearly this is a buying opportunity,” said Ben Ward, head of UK
corporate at law firm Herbert Smith Freehills. “People with strong currencies, dollars or
yen, are, no doubt, interested in acquiring pound-denominated assets.” There have been
several of other deals since the referendum.
South African retailer Steinhoff, for example, agreed to pay nearly 597 million
pounds for British-based discount chain Poundland on July 13. It came a
day after AMC Entertainment Holdings, an American company, had bought the London-
based Odeon & UCI Cinemas Group to create the world’s largest cinema operator, in a
deal valued at about 921 million pounds.
Some bankers in London say they are working closely with British companies who feel
vulnerable to hostile bids from rich foreign buyers, in sectors including aerospace, house
building and retail and they are trying to warn potential takeover targets.

1. Britain is the target of foreign corporate raiders because the pound's value has fallen since the country voted to leave the European Union, making British companies cheaper to acquire.
2. Banks are working closely with British companies who feel vulnerable to hostile bids from rich foreign buyers, warning them of potential takeover targets, because these companies are at risk of being acquired by foreign buyers.

Name | Activity | Reason for bankruptcy | Year | Final Success
(No data provided to fill in the table)