StreetInsider.com's Merger Monday Prep Sheet

February 22, 2013 12:21 PM EST Send to a Friend
Merger Monday has been living up to its name recently and that has speculators sniffing around for the next big deal ahead of the weekend. Below are some likely deal and other less likely ones that could happen this weekend.

Likely:
Gardner Denver Inc. (NYSE: GDI). The long-rumored takeover target could go for $75/share to private equity firm KKR. In the past, SPX Corporation (NYSE: SPW) was vying for the company although in December the two ended talks. This, however, could have changed. Other P/E firms are also said to be in the mix. The company wouldn't comment on the sale process with earnings today, but that could be a good sign.

Possible:
Compuware (NASDAQ: CPWR): The company is reportedly still for sale after activist investor Elliott Management put it 'in-play' and talks appears to be heating up. In late-January the company completed a comprehensive review and rejected Elliott Management's $11/share offer. P/E firms are now said to be involved and could pounce.

Rexnord (NYSE: RXN): in February the company initiated a review of strategic alternatives to enhance shareholder value and has engaged Goldman, Sachs and Co. to serve as its financial adviser in that process.

Life Technologies Corporation (NASDAQ: LIFE): Buyout talks were said to have stall recently, but with PE firms and Thermo Fisher (NYSE: TMO) in the running this could be a negotiating tactic.

Possible, but far fetched:
Illumina (NASDAQ: ILMN): The oft-rumored takeover target could just surprise everyone and sign on the dotted-line with Roche.

Akamai Technologies, Inc. (NASDAQ: AKAM): The rumor mill favorite could have finally landed the big one as vague rumors today suggested.

Advance Auto Parts Inc. (NYSE: AAP): A deal was said to be close numerous times to no avail. Is this the weekend?

Monster Beverage Corporation (NASDAQ: MNST): Coke (NYSE: KO) has been chomping at the bit to buy the energy drink maker in recent years, although recent regulatory concerns could have sidelined a deal. That said, shares are down 40 percent from 52-week highs.


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