Market Rumors 05/08

May 8, 2007 2:59 PM EDT

Today's Market Rumors 05/08

AK Steel Holding Corp. (NYSE: AKS): rumors reported in FT.com that Arcelor Mittal (NYSE: MT) would offer $40 for the company. The bid report was later questioned.

Alcoa (NYSE: AA): rumor the company, which bid for Alcan (NYSE: AL), could itself be a takeover target. Large holder JANA Partners wants AA to drop its bid for AL and go on the auction block.

Steel Dynamics Inc. (Nasdaq: STLD) and Commercial Metals Co. (NYSE: CMC) up on talk they could be next steel takeovers.

Yahoo! Inc. (Nasdaq: YHOO): UBS sees partnership with Microsoft (Nasdaq: MSFT) instead of merger and notes that YHOO's CEO is presenting in a meeting Wednesday with MSN's VP titled "The New Network"

eSpeed Inc. (Nasdaq: ESPD): Rumors of another bid as controlling holder turned away $12 bid from Tullett Prebon and company is an activist shareholder target.

Cramer names Weight Watcher's International Inc. (NYSE: WTW), United Stationers Inc. (Nasdaq: USTR) and Brinks Co. (NYSE: BCO) as takeover targets. Cramer is using buybacks to predict takeovers.

Alliant Techsystems Inc. (NYSE: ATK) and Ceradyne Inc. (Nasdaq: CRDN) seen a takeover targets by Cramer following the takeover of Armor Holdings (NYSE: AH) by BAE yesterday.

Alltel Corp. (NYSE: AT): Continued takeover talk. Reports company cancelled from an upcoming conference.

Countrywide Financial Corp. (NYSE: CFC): vague, but questionable, takeover talk. Also stock is breaking out technically.

Mirant Corporation (NYSE: MIR): more takeover talk as company announced in April it will explore strategic alternatives.

BEA Systems Inc. (Nasdaq: BEAS): Continued takeover talk


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Stocks Mentioned

AA 10.26

-0.38 -3.57%
Volume: 15,028,833
Track AA

AH 23.54

-0.80 -3.29%
Volume: 253,266
Track AH

AKS 8.18

-0.43 -4.99%
Volume: 6,797,059
Track AKS

AL 25.27

-0.11 -0.43%
Volume: 92,818
Track AL

AT 14.42

-0.18 -1.23%
Volume: 196,358
Track AT

ATK 58.09

-0.47 -0.80%
Volume: 145,588
Track ATK

BCO 24.10

-0.03 -0.12%
Volume: 339,468
Track BCO

BEAS 19.01

+0.00 +0.00%
Volume: 0
Track BEAS

CFC 4.25

+0.00 +0.00%
Volume: 0
Track CFC

CMC 14.20

-0.48 -3.27%
Volume: 934,277
Track CMC

CRDN 33.57

-0.17 -0.50%
Volume: 110,892
Track CRDN

ESPD 11.75

+0.00 +0.00%
Volume: 0
Track ESPD

MIR 10.39

+0.00 +0.00%
Volume: 1,689,444
Track MIR

MSFT 30.53

-0.24 -0.78%
Volume: 27,594,204
Track MSFT

MT 22.11

-1.19 -5.11%
Volume: 3,590,805
Track MT

STLD 15.41

-0.64 -3.99%
Volume: 1,815,438
Track STLD

USTR 33.80

-0.75 -2.17%
Volume: 56,090
Track USTR

WTW 75.15

-0.22 -0.29%
Volume: 752,703
Track WTW

YHOO 16.20

+0.20 +1.25%
Volume: 17,844,524
Track YHOO


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