Australian Takeover Targets

Submitted by Share Trading on 17 September, 2010 - 12:04

Broking House RBS Equities (Royal Bank of Scotland) have compiled a list of public Australian companies listed on the stock exchange which can be seen as takeover targets. Companies in the list include: WCB, FGL, MCC, GCL, ESG, PDN, MSF, GNC, PRU, IAU, WHC, RHL. The report lists almost 30 companies to the value of $45.6 billion, which have become attractive to potential acquirers, especially foreign bidders, because of global supply shortages in energy and food.

RBS analyst Gregg Goodsell says, "We believe acquisitions are more likely to occur in sectors delivering product that the world is structurally short". This year, AWB and Centennial Coal have been bought by foreign buyers. Goodsell notes that corporate Australia is set and well places to expand over the next 6-18 months as the market ushers in the beginning of a new mergers and acquisition cycle. Goodsell says that, "Balance sheets are lowly-geared, asset values are off their peaks and management will be starting to think of expansion rather than survival”.

Takeover Targets

Australian Takeover targets listed in the report (in no particular order) include companies in the food and energy sectors. Here are a few select companies:

More about

Recommended Websites