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UK Public Offers: Review of 2025

January 28, 2026
By Craig Lukins & Dom Young

UK public offer activity in 2025 remained resilient despite a decline in average deal values and premia. Drawing on Teneo analysis and Vision 2026 insights, this review explores what is driving buyer behavior and what it signals for UK public M&A in the year ahead.

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The views and opinions in these articles are solely of the authors and do not necessarily reflect those of Teneo. They are offered to stimulate thought and discussion and not as legal, financial, accounting, tax or other professional advice or counsel.

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