The Financial Times has reported that a slew of takeover bids in UK Companies has some hedge funds on the wrong side of short selling.

• Millennium, GLG, and Gladstone are a few hedge funds that were short selling UK companies that are now part of takeover bids.
• Takeover bids have sent the share price of these firms higher.
• Data from the LSE, shows that M&A and takeover activity in the UK market is 84% higher than over the same period last year.