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If you like to follow rumored takeover targets, you might find this list very interesting.

Here we report 7 potential takeover / leveraged buyout (LBO) targets, as identified by various sources like Barrons, WSJ, TheStreet, Morningstar and Business Insider, to name a few. These 7 targets have also seen significant net insider buying over the last 6 months, expressed as a percent of share float.



Do you think these insiders also suspect a takeover possibility? Use this list as a starting-off point for your own analysis. (To access the complete list of takeover targets, click here.)

List sorted by net insider purchases as a percent of share float.

1. Saks Incorporated (NYSE:SKS):
Department Stores Industry. Market cap of $1.78B. Takeover/LBO rumor sourced from Street Insider and TheStreet.com. Net insider purchases over the last 6 months at 4,696,280, which is 4.40% of the company's 106.66M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.64). The stock is a short squeeze candidate, with a short float at 26.82% (equivalent to 9.55 days of average volume). The stock has gained 26.28% over the last year.



2. American Superconductor Corporation (NASDAQ:AMSC):
Diversified Electronics Industry. Market cap of $519.68M. Takeover/LBO rumor sourced from the NASDAQ.com community. Net insider purchases over the last 6 months at 1,508,478, which is 3.86% of the company's 39.10M share float. Short float at 27.27% (equivalent to 5.56 days of average volume), indicating the stock is a short squeeze candidate. It's been a rough couple of days for the stock, losing 6.31% over the last week.



3. The Hain Celestial Group, Inc. (NASDAQ:HAIN): Processed & Packaged Goods Industry. Market cap of $1.47B. Takeover/LBO rumor sourced from UBS. Net insider purchases over the last 6 months at 1,233,531, which is 3.77% of the company's 32.70M share float. The stock is a short squeeze candidate, with a short float at 6.8% (equivalent to 8.65 days of average volume). The stock has gained 58.75% over the last year.

4. Webster Financial Corp. (NYSE:WBS):
Banks Industry. Market cap of $1.75B. Takeover/LBO rumor sourced from Dick Bove (Banking Analyst). Net insider purchases over the last 6 months at 2,054,850, which is 2.85% of the company's 72.12M share float. Short float at 6.98% (equivalent to 12.43 days of average volume), indicating the stock is a short squeeze candidate. The stock has gained 7.46% over the last year.

5. Auxilium Pharmaceuticals Inc. (NASDAQ:AUXL):
Drug Related Products Industry. Market cap of $1.05B. Takeover/LBO rumor sourced from Morningstar. Net insider purchases over the last 6 months at 973,072, which is 2.22% of the company's 43.80M share float. The stock is a short squeeze candidate, with a short float at 19.36% (equivalent to 14.3 days of average volume). The stock has lost 29.82% over the last year.

6. ITT Educational Services Inc. (NYSE:ESI): Education & Training Services Industry. Market cap of $1.94B. Takeover/LBO rumor sourced from John Dorfman, chairman of Thunderstorm Capital. Net insider purchases over the last 6 months at 374,000, which is 1.68% of the company's 22.29M share float. Short float at 24.98% (equivalent to 11.46 days of average volume), indicating the stock is a short squeeze candidate. The stock has lost 34.3% over the last year.

7. Dell Inc. (NASDAQ:DELL):
Personal Computers Industry. Market cap of $29.57B. Takeover/LBO rumor sourced from Barrons. Net insider purchases over the last 6 months at 17,230,709, which is 1.06% of the company's 1.63B share float. It's been a rough couple of days for the stock, losing 7.4% over the last week.

*Insider data sourced from Yahoo! Finance, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Top 7 Takeover/LBO Targets Being Snapped Up by Insiders