The volume of mergers, acquisitions and IPOs in Europe have been rising sharply, and Morgan Stanley has identified 11 stocks set to capitalize.
In a note Wednesday, equity strategists Matthew Garman and Graham Secker highlighted that M&A volumes had hit their highest levels since 2008 in the last six months, while the number of initial public offerings was near post-financial crisis highs.
They named a number of companies that are already restructuring — or are considering disposing of businesses — and whose stock is cheap considering the potential value added by corporate activity.
Here's the list: