America on Sale
The trade as foreign firms rush to snap up American companies. Who will be targeted next by foreign buyers with a strong currency on their side?
Entertainment companies. That’s what Jeff Macke thinks are the next to go. After the Vivendi/Activision (ATVI) deal, any video game company with earnings on its side is game, he said. Specifically, he would buy Take-Two (TTWO) or THQ (THQI) as potential takeover targets with market caps under $2 billion.
Guy Adami sees M&A chatter in the mining space. U.S. Steel (X) would be his pick for the next mining company to get bought.
On the news that a Japanese company is buying MGI Pharmaceuticals (MOGN), Pete Najarian thinks consolidation in Big Pharma could continue as those companies are on the prowl to fill their pipelines. Sanofi-Aventis (SNY) or Novartis (NVS) could be buyers since they’re based outside the U.S. and would benefit from the weak dollar.
In the energy space, Pete thinks Alpha Natural Resources (ANR) is the most likely takeover candidate on the heels of a similar takeover last week of a Canadian coal company.
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Trader disclosure: On Dec. 10, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (DIS), Macke Owns (ATVI); Najarian Owns (ETFC), Najarian Owns (PHM) Options, Najarian Owns (TSL) Options, Najarian Owns (BHP) Options, Najarian Owns (GOOG), Najarian Owns (BIDU), Najarian Owns (EMC) Options; Finerman's Firm Owns Russell 2000 Puts, Finerman's Firm Is Short (MDY) And Owns (MDY) Puts, Finerman's Firm Is Short (SPY), Finerman's Firm Is Short (IJR), Finerman's Firm Is Short (IYR), Finerman's Firm Is Short (IWM), Finerman's Firm Is Short (MBI), Finerman's Firm Owns (LEH) Puts, Finerman's Firm Owns (GS), Finerman's Firm And Finerman Own (HD), Finerman's Firm Owns (LOW), Finerman's Firm Own (XHB), Finerman's Firm Owns (SKS), Finerman's Firm Owns (NYX), Finerman's Firm Owns (NMX) And (NMX) Options, Finerman's Firm Owns (TWX), Finerman's Firm Owns (TXI); Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC