Here are some of the takeover targets mentioned in the media today:
- Allstate
(NYSE:ALL) was mentioned by the Chicago Tribune - quoting a Morgan
Stanley report - as a potential financial-services consolidation play.
- Armor Holdings
(NYSE:AH) was mentioned in BusinessWeek's Inside Wall Street column as
a potential takeover target for Lockheed Martin (NYSE:LMT).
- Boyd Gaming
(NYSE:BYD) was also mentioned in BusinessWeek's Inside Wall Street
column as a possible gaming consolidation play after Harrah's and Aztar
recently closed such transactions.
- Sangamo
(NDAQ:SGMO) was also mentioned in BusinessWeek's Inside Wall Street
column as the next biotech takeover, with partnerships already in place
with Pfizer and Dow Chemical.
- Technip (NYSE:TKP) was mentioned in La Tribune (a French newspaper), which stated Italian oil company Eni SpA may make a bid for the company.
Strong corporate performance and favorable economic conditions have
spurred record M&A numbers this year. Until conditions change this
trend is likely to continue, particularly in financial services and
gaming. As a result, these stocks are definitely ones worth watching as
any buyout would come at a significant premium to the current market
price.