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 13.28

+0.22 +1.68%
Volume: 44,021,969
Track AA

AH 0.87

-0.42 -32.56%
Volume: 26,900
Track AH

AKS 20.80

+0.81 +4.05%
Volume: 10,687,118
Track AKS

AL 0.50

+0.00 +0.00%
Volume: 100
Track AL

AT 6.64

+0.61 +10.12%
Volume: 5,211,545
Track AT

ATK 77.11

+0.15 +0.19%
Volume: 601,556
Track ATK

BCO 24.34

-0.22 -0.90%
Volume: 548,917
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 14.28

+0.59 +4.31%
Volume: 1,782,253
Track CMC

CRDN 20.70

+0.71 +3.55%
Volume: 239,671
Track CRDN

ESPD 11.75

+0.00 +0.00%
Volume: 0
Track ESPD

MIR 13.14

+0.03 +0.23%
Volume: 923,873
Track MIR

MSFT 28.01

+0.29 +1.05%
Volume: 59,121,242
Track MSFT

MT 39.46

+1.86 +4.95%
Volume: 5,438,177
Track MT

STLD 15.43

+0.58 +3.91%
Volume: 8,030,470
Track STLD

USTR 53.80

+0.64 +1.20%
Volume: 139,297
Track USTR

WTW 28.32

+0.01 +0.04%
Volume: 241,581
Track WTW

YHOO 15.07

+0.08 +0.53%
Volume: 16,716,845
Track YHOO


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