As U.S. corporations sit on $1T-plus in cash and with many facing organic growth challenges, Morgan Stanley lists 44 multi-billion dollar cap companies it thinks have a high likelihood of receiving at least one tender offer over the next 12 months.
In the energy sector: NFX, SD, TDW.
In materials: CLF, AXLL, UFS, RGLD.
Consumer discretionary: SBGI, WEN, TPX, EAT, BYI, DWA, JCP, AEO.
Consumer staples: INGR, HAIN, HSH, WWAV.
Health care: CELG, ESRX, WLP, REGN, ALXN, AET, CI, BDX, CERN.
Tech: BRCD, ONNN, TIBX, SPWR, IM, JBL, SUNE, TER, ARRS, NSR.
Telecom: CCI, SBAC, LVLT, WIN, FTR.