WSJ 1-6-98 Heard on the Street
PaineWebber Strategist Lists Potential Takeover Targets
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Now he is urging people to pick stocks that might also get taken over. The top six among those, he says, are America Online, Nextel Communications, utility holding company Nipsco Industries, ScheringPlough, medical-device company Sofamor/Danek and Sunbeam Corp.
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AOL target $125.
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"Although the shares of many target companies carry high rice-earnings ratios by the standards of recent history, so do the shares of acquirers," he notes.
Yikes, who has $12 Billion lying around (AOL market value at $125)? Maybe George Soros will get patriotic (Is he even American?), after all, AOL does have "America" in it's name! I don't know, anybody with $12 Billion could probably find a better place to park their money IMHO. It takes a lot of "Meals on Wheels" deals (or whatever the name of AOL's last great market coup) to make up that kind of money. |
