GO
Loading...

M&A Watch w/ Jon Najarian

Tuesday, 7 Apr 2009 | 3:51 PM ET

Which companies are looking like top takeover targets, right now? Jon Najarian has spotted hot options action in three stocks!

Here’s what’s on his radar!

Biogen

- big investors are buying the April-55 calls
- huge volume day; typically it trades about 7300 contracts so far selling over 70,000
- market rumor suggest a deal could be announced within the next few days.

Coventry Health

- up a little over 20% in the past 2 weeks
- rumored to be takeover target pursued by UNH

Textron

- big investors are buying expiring calls in the front month
- market rumors suggest company could spin off Cessna

What's the bottom line? Since these are all M&A plays Najarian says you have to be quick. If and when the speculation appears to be unfounded these stocks could fall in a hurry.

Fast Money Final Call
Hunting for deals, with Fast Money's Jon Najarian.


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

CNBC.com with wires

  Price   Change %Change
BIIB
---
HCA
---
TXT
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report