Goldman Sachs Refreshes European M&A Basket, Adds 16 New Names
Goldman Sachs refreshes basket of potential European M&A candidates adding 16 new names where its analysts see at least 15% likelihood of acquisition and removes 13 to reflect analyst views, coverage and deal activity.
* Additions: Simcorp, Hexagon, Cellnex Telecom, SCA, EDP Renovaveis, Uniper SE, Galapagos, Essity AB, Unilever, Luxottica, Hammerson, Akzo Nobel, IMI, Rotork, Munters Group, Emerald Expositions Events
* Post the latest rebalance, the basket remains heavily exposed to U.K.-listed stocks
* GS European M&A basket has outperformed the SXXP by 9% since inception in June 2015
Current composition of basket is 108 stocks vs 105 listed in last rebalance