With consolidation activity increasing in the retail sector, Deutsche Bank (NYSE:DB) updated their LBO screen, which included companies rated a "Buy" like Best Buy (NYSE:BBY), 5 Cents Only Stores (NYSE:NDN), Family Dollar (NYSE:FDO) and Big 5 Sporting Goods (Nasdaq:BGFV).
Companies listed which included a "Hold" on them were RadioShack (NYSE:RSH), OfficeMax (NYSE:OMX) and Bed Bath & Beyond (Nasdaq:BBBY).
All of the stores listed above are in the top 7 from Deutsche LBO screen, and which also would expect to be acquired at a premium of 20 percent or more, other than Family Dollar.
RadioShack, the No. 1 company listed, closed Wednesday at $18.73, losing $0.29, or 1.52 percent. They could attract a bid as high as $30 a share.
Big Five Sporting Goods is No. 2 on the list, which closed Wednesday at $13.12, gaining $0.72, or 5.81 percent. They could received a bid as high as $17 a share.
OfficeMax is No. 3 on the list, and closed Wednesday at $17.91, rising by $0.94, or 5.54 percent. They could be acquired for as high as $22 a share.
Best Buy is No. 4 on Deutsche's list, and closed Wednesday at $44.81, increasing by $0.64, or 1.45 percent. Possible acquisition price for them could be $58 a share.
99 Cents Only Stores is in the No. 5 position, closing at $16.14 Wednesday, gaining $0.41, or 2.61 percent. An possible acquisition price of $20 was placed on them.
Bed Bath & Beyond is No. 6, and they closed at $44.32 Wednesday, rising by $1.59, or 3.72 percent. Possible acquisition price on them is $53.
Last among the top seven is Family Dollar, which closed Wednesday at $50.68, gaining $1.29, or 2.61 percent. Acquisition price for them was listed at $60 a share.
Friday, November 26, 2010
Best Buy (NYSE:BBY), 5 Cents Only (NYSE:NDN), Family Dollar (NYSE:FDO), Big 5 Sporting Goods (Nasdaq:BGFV) Among Retail LBO Possibilities
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