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Who Will Get Acquired On Monday

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Jul 07 2007 12:00am EDT

Who Will Get Acquired On Monday?

Cotten Timberlake has been looking at action in Macy's and Target shares, and reckons it's consistent with the kind of insidery trading which often precedes an acquisition announcement or a shareholder-friendly spinoff. So maybe Macy's will be bought on Monday, or maybe it won't: "It was the third consecutive Friday that the shares rose on the possibility of a buyout," Tiimberlake says.

A more likely takeover candidate is UK marketing and advertising agency Adventis. Capital Chronicle's RJH Adams notes that shares in Adventis surged 5.6% in the last two hours of trading on Friday, on volume of 1 million shares. Which doesn't seem particularly shocking until you learn that typical volume in Adventis is 250,000 shares a quarter.

Adventis is a very strong candidate for some kind of big announcement, then, while Macy's and Target are strong possibilities. After all, we do know that insider dealing is rampant, and rarely successfully prosecuted.

(Via DealJournal)

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