Merger Mania - Two Companies Rumored Targets
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.