While Dateline NBC’s interview with British Princes Harry and William grab headlines on Main Street, British firms are dominating the press on Wall Street.
Over the weekend, Financial Times owner Pearson (PSO) stepped into Rupert Murdoch’s battle for Dow Jones. And today, British supermarket chain Sainsbury was possibly put in play after a Middle East fund raised its stake in the company. And if that weren’t enough, ICI, the London-based maker of Glidden Paints has found itself in a takeover battle with Dutch paintmaker Akzo (AKZOY).
How can you put your money behind the bloody British dealmaking?
Jeff Macke likes Sainsbury, a grocer that didn’t work in the U.S. but makes money hand over fist in England.
Pete Najarian’s English play is pharmaceuticals giant AstraZeneca (AZN).
Guy Adami recommends British American Tobacco (BTI), which has a “nice" 4.8% dividend and is cheaper than Altria (MO) on a valuation basis.
Trader disclosure: On June 18, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Najarian Owns (CHU), (MS); Bolling Is Short (FXI) and owns (FXI) Puts
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