Morningstar: Five Potential Takeover Targets in 2011

Includes: AEO, ALIOF, CEG, S, T
by: Digital Trading

The spreadsheet below gives you the up-to-date internals for the top 10 take out names identified by Morningstar. Before getting to the spreadsheet let me tell you what five of these companies do and what the rumor mill has been saying over the last few months. (Check back for a look at the remaining companies in an upcoming post.)

ACTELION (OTCPK:ALIOF): In mid-November, Bloomberg reported that Amgen (NASDAQ:AMGN) was preparing an approach that could come within days, while the usual big pharma suspects have all been touted as potentially interested.

American Eagle Outfitters (NYSE:AEO): The retailer has been subject of take out rumors over the last few months along with competitor Abercrombie & Fitch.

Clearwire Corp (CLWR): BTIG research analyst thinks Sprint, which owns 54% of CLWR, will take them out for $15 a share sometime in the next 6 months.

Constellation Energy Group (NYSE:CEG): Constellation Energy Group, Inc. (Constellation Energy) is an energy company that conducts its business through various subsidiaries, including a merchant energy business and Baltimore Gas and Electric Company. CEG has been a rumored take out name for years.

LEAP Wireless (LEAP): Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand. Leap wireless has been a take out name for years with MetroPCS (PCS) being the number one acquirer. Recently, there have been rumors that T-Mobile is very interested in LEAP.

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