Smaller companies up for grabs
Investors feeling tempted by noise about takeover bids need to keep a cool head when speculating, writes Barry J Whyte.
Last week saw two Irish-based companies finally conclude a pair of long-running takeover sagas.
On Tuesday, Tipperary-based oil engineering firm Kentz ended a summer of takeover speculation when it splashed out €317 million on American shale gas company Valerus Field Solutions, essentially making it too big for its two potential suitors this summer: British oil company Amec and German M+W Group, which were making bids that valued the company at around €810 million.
