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UK Prime Minister Theresa May came under pressure to tighten takeover rules, and do so quickly, in the wake of the failed Kraft Heinz bid for Unilever Plc.
“I use the expression sitting ducks, and I’d worry about who’s next,” Vince Cable, Business Secretary until 2015, said in an interview. “We have very weak takeover code in the UK. The public interest tests are too narrow.”
Politicians of all stripes say more British companies may be vulnerable, exposed to a weakened pound that makes them cheaper to foreign investors. All this while May’s government is eager to show that the UK is
