Chinese companies make unwanted M&A bids

An increasing number of Chinese deal-makers are showing up to the negotiating table uninvited, and facing push-back on their bids, according to The Wall Street Journal. The companies are often rushing headlong into global takeover battles— sometimes lobbing in rich offers after another bidder has already sealed a deal. So far this year, 13 Chinese companies have made a total of $78 billion of unsolicited offers for overseas targets. That follows a record 17 such offers in 2015, according to Dealogic. The surge in unsolicited bids partly reflects an overall increase in Chinese outbound mergers and acquisitions. It also shows how brash Chinese companies have become in their global quest to buy choice assets. Unsolicited offers are relatively uncommon in the world of big M&As.