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Sunday, February 20, 2011


BHP Billiton (NYSE: BHP) said that it would leave the takeovers alone and use the $80 billion on developing new and existing mines. However, it looks more like BHP will be hunting for new deals within a year's time frame.

Takeover chatter about NYSE Euronext isn't quite over yet. It is rumored that the Nasdaq (NASDAQ: NDAQ) and the Intercontinental Exchange (NYSE: ICE) are in negotiations to make a joint bid for NYSE Euronext (NYSE: NYX).

There are unconfirmed rumors that Sonic Foundry Inc. (NASDAQ: SOFO) will be acquired for $30/share. Sonic Foundry is a thinly traded web communications company.

More unconfirmed rumors have been circulating that International Rectifier Corporation (NYSE: IRF) will be acquired by Texas Instruments (NYSE: TXN) for $50/share. International Rectifier Corporation designs and manufactures power management semiconductors.

When there is increased Mergers & Acquisitions (M&A) activity, the market is usually at a bottom or at a top. Major indices have more than doubled from the lows in March 2009, thus many Wall Street analysts are cautioning investors to buy into this rally. Instead, Andy Kibbens (Co-CEO of The Markets Are Open and Fillmore Capital Asset Management) says it is a good time to be locking in profits and potentially even go short the market. "When the market starts going down, you will regret having not sold the top", he exclaimed.

Stay tuned for more Takeover Chatter and Rumors at your number one source for takeover related news. Be the first to know!