GO
Loading...

Merger Mania - Two Companies Rumored Targets

Friday, 22 Dec 2006 | 1:05 PM ET

Apparently, the urge to merge persists well into December. CNBC’s Bob O’Brien explained which companies are rumored to be takeover targets, today.

"This really was a bellwether year for private equity. Applica is subject of a takeover battle between a private equity concern which has offered $6.50 a share –and Nacco Industrieswhich has upped it’s bid to $7.00 a share. Applica stock is trading at

Not familiar with the company? Chances are you have one of their coffee makers or hairdryers in your home. They’re marketed under the Black and Decker brand name.

Also, Britain based Intercontinental Hotels, (which includes Holiday Inn) has been the object of persistent takeover talks. O'Brien says a private equity firm might be in England right now, looking at this company.

  Price   Change %Change
NC
---
  Price   Change %Change
IHG
---
  Price   Change %Change
IHG
---
NC
---

Contact

  • Showtimes

    United States
    Monday - Friday 1:00P ET
    Europe
    Monday - Friday 18:00 CET
    Asia Pacific
    Tuesday - Saturday 01:00 SIN/HK
    Australia
    Tuesday - Saturday 03:00 AEST
  • Sue Herera is a founding member of CNBC, helping to launch the network in 1989. She is co-anchor of "Power Lunch."

  • Tyler Mathisen co-anchors CNBC's "Power Lunch." Mathisen also co-anchors "Nightly Business Report produced by CNBC."

Power Pitch

Kenny Polcari