Market Rumors 05/31
Market Rumors:
Jo-Ann Stores Inc. (NYSE: JAS): Reports from TheDeal.com the company could fetch $1 billion in a buyout
Opsware Inc. (NASDAQ: OPSW): Deutsche Bank upgraded the stock to Buy and said it is a strong candidate for a takeover.
Dow Jones & Co. Inc. (NYSE: DJ): The company's largest outside holder T.Rowe Price thinks the News Corp. offer is attractive and should be considered.
Cleveland-Cliffs Inc. (NYSE: CLF): Cramer mentions recent takeover rumors that have been swirling around the stock.
Kraft Foods (NYSE: KFT): Rumors Warren Buffett could be accumulating the stock
Landry's Restaurants (NYSE: LNY): Takeover speculation
Genesco Inc. (NYSE: GCO): Rejects Foot Locker's (NYSE: FL) latest bid and will explore strategic alternatives with advisor Goldman Sachs. Foot Locker abandoned its bid following the latest rejection.
International Rectifier (NYSE: IRF): Rumors the company is an attractive target for a strategic takeover bid.
Take-Two Interactive Software (NASDAQ: TTWO): Renewed takeover speculation.
ValueClick (NASDAQ: VCLK): The CEO change at the company has tempered recent buyout speculation.
Raymond James (NYSE: RJF): Rumors the company could be the next broker to be bought out following Wachovia's (NYSE: WB) deal to acquire A.G. Edwards (NYSE: AGE). Raymond James said it is committed to staying independent.
Jefferies Group (NYSE: JEF): Takeover speculation following Wachovia's(NYSE: WB) deal to acquire A.G. Edwards (NYSE: AGE).
OfficeMax Inc. (NYSE: OMX): Continued takeover speculation. Recent speculation has centered around larger rivals Staples (Nasdaq: SPLS) or Office Depot (NYSE: ODP) buying the company.
HJ Heinz (NYSE: HNZ): Commenting on recent takeover rumors in a CNBC interview, CEO William Johnson said the rumors are likely a product of the company's performance and attractive valuation. Johnson said, " We haven't really been talking with anyone."
Yahoo! Inc. (NASDAQ: YHOO): Jim Cramer suggests Yahoo! and eBay (Nasdaq: EBAY) should merge
Group 1 Automotive (NYSE: GPI): Rumors AutoNation (NYSE: AN) could buy the company.
Starwood Hotels & Resorts Worldwide (NYSE: HOT): Resurfaced takeover rumors.
Bristol-Myers Squibb (NYSE: BMY): Renewed speculation Sanofi (NYSE: SNY) could buy the company.
NAVTEQ Corp. (NYSE: NVT): speculation the company could be a private equity takeover target, as suggested by a William Blair analyst. The firm doesn't think partner Google (Nasdaq: GOOG) would buy the company
Guitar Center (Nasdaq: GTRC): Continued takeover speculation. FT.com says the auction for the company is in advanced stages.
BCE Inc (NYSE: BCE): Reports Pacific Century Group Joins Cerberus Consortium In Possible BCE Bid.
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