Morningstar's Massive Takeover Target List

I have a treat for you guys today.  Morningstar has updated its M&A Insights Report from January and its fully loaded with actionable stuff.

First some key takeaways, then we’ll look at some of the candidates themselves…

• As we alluded to in our January M&A Outlook report, 2011 has already brought an increase in game-changing deals, driven by improving credit market conditions, large cash balances, and increasing confidence among management teams. The improving global economy has already sparked a revival in transformational deals like AT&T’s (T) $39 billion bid for T-Mobile USA or Duke Energy’s (DUK) $14 billion equity ($26 billion enterprise value) bid for Progress Energy (PGN).

• We believe there is plenty of debt capital capacity available at attractive terms to fund leveraged buyouts, which should lead to resurgence in M&A activity among private equity groups. We expect more than 50 public companies with enterprise values greater than $100 million to be taken private this year, with transactions reaching as large as $10-$15 billion.

• As a group, our takeover list from the January 20 report has thus far outperformed the broader market, and we’ve updated our list of M&A takeover candidates that we believe are the most attractively priced.

So which companies could find themselves on the receiving end of all that “available debt capital capacity”?

I was asked not to embed the entire PDF but I’ve carved out this list for you, click to embiggen as always:

The names listed include Akamai ($AKAM), Synovus ($SNV), Range Resources ($RRC) and American Eagle ($AEO).  Contact Morningstar for more of their research and insights.

Tags: , , , , , , ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Eat Verts commented on Sep 22

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]

  2. dotnek.com commented on Oct 26

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]

  3. cvv2 shop commented on Oct 31

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]

  4. td online login commented on Nov 26

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]

  5. carpet cleaning prices bishops stortford commented on Nov 30

    … [Trackback]

    […] Here you will find 27396 more Information to that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]

  6. Corona Virus Cleaning commented on Dec 22

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]

  7. fake rolex commented on Dec 29

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]

  8. Digital Transformation commented on Jan 17

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]

  9. situs judi online commented on Jan 21

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]

  10. why not try here commented on Feb 04

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/05/05/morningstars-massive-takeover-target-list/ […]