The uptick in corporate activity follows a theme this year as four other companies on my active buy list have all been taken over: IT security firm Accumuli (ACM); vehicle repair group Nationwide Accident Repair Services (NARS); energy group Fortune Oil (FTO); and environmental engineer Tinci (TNCI).
I don't expect the bid frenzy to end at this point either as a stock market exit is the most likely end game for a number of the companies I follow including: Bioquell (BQE:150p), a provider of specialist microbiological control technologies to the international healthcare, life science and defence markets; housebuilder and land developer Inland (INL:71p); and wafer reclaim services provider Pure Wafer (PUR:125p), to name but a few.