Monster Worldwide Inc. (NYSE:MNST) shares rose over 3% today after the company announced that Sal Iannuzzi would replace William Pastore as Chairman and CEO of the company in the second management shakeup in six months. The CEO switched has led to speculation that Monster may be interested in putting itself back on the block, especially given Iannuzzi's past roles in high profile deals.

Many analysts believe that if the company did put itself up for sale, it could potentially be a target for Yahoo! or eBay who are looking to take market share from Google in areas outside of search. The company could also be a target for newspaper chains or private online recruiting companies like CareerBuilder.com. Given the company's strong market position, solid financial performance, and large number of potential bidders, many analysts are predicting that the company could see more than $60 per share or almost 20x projected 2007 EBITDA. While no deal is certain, there is definitely a possibility for M&A in what has become a strange story on Wall Street. This makes MNST a stock worth watching!

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