M&A Theme Back in ‘Full Force’, BMO Says; Lists Possible Targets
2014-11-12 17:20:27.195 GMT
By Arie Shapira
Nov. 12 (Bloomberg) -- BMO Vice President of Equity
Derivatives Alex Kosoglyadov, in a note to clients, lists
potential M&A targets based on volatility surface.
* Screens for M&A targets where 2nd month 25-delta skew in its
10th percentile or lower, where 2nd month 25-delta skew is
below 1 and where 2nd month ATM implied vol >60-day
realized:
* Consumer: BYD, DPS, EXPR, JAKK, PNK, RAI, SIRI, SAFM,
SWHC, TTS
* Energy: DRC, EROC, EXXI, IOC, KMP, PGH, TLM
* Financials: APO, ARR, GLPI, HTS, LYG, NBG, NCT, TWO
* Healthcare: ARIA, CERS, GERN, HALO, MDVN, MYGN, OCR,
ONTY, OPK, XON
* Industrials/Materials: GGB, HMY, NGD, NM, SID, SVM, XONE
* TMT: ATML, BLOX, FTR, HIMX, QIHU, UNXL
* TMT: ATML, BLOX, FTR, HIMX, QIHU, UNXL</li></ul>
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To contact the reporter on this story:
Arie Shapira in New York at +1-212-617-1488 or
ashapira3@bloomberg.net
To contact the editor responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
2014-11-12 17:20:27.195 GMT
By Arie Shapira
Nov. 12 (Bloomberg) -- BMO Vice President of Equity
Derivatives Alex Kosoglyadov, in a note to clients, lists
potential M&A targets based on volatility surface.
* Screens for M&A targets where 2nd month 25-delta skew in its
10th percentile or lower, where 2nd month 25-delta skew is
below 1 and where 2nd month ATM implied vol >60-day
realized:
* Consumer: BYD, DPS, EXPR, JAKK, PNK, RAI, SIRI, SAFM,
SWHC, TTS
* Energy: DRC, EROC, EXXI, IOC, KMP, PGH, TLM
* Financials: APO, ARR, GLPI, HTS, LYG, NBG, NCT, TWO
* Healthcare: ARIA, CERS, GERN, HALO, MDVN, MYGN, OCR,
ONTY, OPK, XON
* Industrials/Materials: GGB, HMY, NGD, NM, SID, SVM, XONE
* TMT: ATML, BLOX, FTR, HIMX, QIHU, UNXL
* TMT: ATML, BLOX, FTR, HIMX, QIHU, UNXL</li></ul>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Arie Shapira in New York at +1-212-617-1488 or
ashapira3@bloomberg.net
To contact the editor responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net