Timberlake has been looking at action in Macy’s and Target shares, and reckons
it’s consistent with the kind of insidery
trading which often precedes an acquisition announcement or a shareholder-friendly
spinoff. So maybe Macy’s will be bought on Monday, or maybe it won’t: "It
was the third consecutive Friday that the shares rose on the possibility of
a buyout," Tiimberlake says.
A more likely takeover candidate is UK marketing and advertising agency Adventis.
Capital Chronicle’s RJH Adams notes that shares
in Adventis surged 5.6% in the last two hours of trading on Friday, on volume
of 1 million shares. Which doesn’t seem particularly shocking until you learn
that typical volume in Adventis is 250,000 shares a quarter.
Adventis is a very strong candidate for some kind of big announcement, then,
while Macy’s and Target are strong possibilities. After all, we do know that
dealing is rampant, and rarely successfully prosecuted.