FACTBOX-Potential takeover targets named by UBS report

Sept 14 (Reuters) - UBS (UBSN.VX) analysts identified 39 companies as potential takeover
targets as companies look to mergers and acquisitions to boost their growth profile.

The companies include PepsiCo (PEP.N), Red Hat (RHT.N), Anadarko (APC.N) and CBOE Holdings
(CBOE.O), UBS said in a research note on Tuesday.

UBS strategist Thomas Doerflinger said the forces driving M&A include a secular economic
slowdown, low interest rates and potential buyers with strong balance sheets and ample cash.

The companies identified by UBS as potential targets -- along with what the brokerage called
"plausible buyers" -- are in alphabetical order:
Potential targets Plausible buyers
AK Steel Holding Corp (AKS.N) Nucor Corp (NUE.N)
Allergan Inc (AGN.N) GlaxoSmithKline Plc (GSK.N)
Anadarko Petroleum Corp (APC.N) Larger oil & gas companies
AOL Inc (AOL.N) Yahoo! Inc (YHOO.O) or Microsoft (MSFT.O)
BorgWarner Inc (BWA.N) Bosch Ltd or Continental (CONG.DE)
Brinker International Inc (EAT.N) Private equity firms
Cabot Oil & Gas Corp (COG.N) Larger oil & gas companies
CBOE Holdings Inc (CBOE.O) CME Group (CME.O)

IntercontinentalExchange (ICE.N)

NYSE Euronext (NYX.N) or "foreign buyer"
Commercial Metals Co (CMC.N) Nucor Corp (NUE.N) or Brazilian firm
DC Shoes (owned by Quicksilver (ZQK.N)) VF Corp or Nike (NKE.N)
Energy XXI Ltd (EXXI.O) Larger oil & gas companies
Extra Space Storage Inc (EXR.N) Public Storage
General Mills Inc (GIS.N) Nestle SA (NESN.VX)
GSI Commerce Inc GSIC.O Accenture Plc (ACN.N),IBM (IBM.N),

Hewlett-Packard Co (HPQ.N)
GT Solar International Inc SOLR.O Applied Materials Inc (AMAT.O)
Hain Celestial Group Inc (HAIN.O) Unilever Plc (ULVR.L), Nestle(NESN.VX)

or HJ Heinz Co (HNZ.N)
Hansen Natural HANS.O Coca-Cola (KO.N)
Health Net Inc (HNT.N) Aetna Inc (AET.N)
Jack in the Box Inc (JACK.O) Private equity firms
Joy Global Inc JOYG.O Caterpillar Inc (CAT.N) or sovereign

wealth funds
Kellogg Co (K.N) Nestle SA (NESN.VX)
Lear Corp (LEA.N) Faurecia SA or Magna International (MG.TO)
Lorillard Inc (LO.N) Reynolds American Inc (RAI.N)
Marshall & Ilsley Corp MI.N US Bancorp (USB.N)
NetApp Inc (NTAP.O) IBM (IBM.N), Dell (DELL.O),

Hewlett-Packard (HPQ.N)
PepsiCo (PEP.N) Anheuser-Busch InBev (ABI.BR)
Petrohawk Energy Corp (HK.N) Larger oil & gas companies
Phoenix Cos (PNX.N) Larger Insurer
Plains Exploration & Production (PXP.N) Larger oil & gas companies
Red Hat Inc <RHT.N > IBM (IBM.N), Oracle Corp (ORCL.O)
Rubicon Technology Inc (RBCN.O) MEMC Electronic Materials (WFR.N)
Schnitzer Steel Industries Inc (SCHN.O) Nucor Corp (NUE.N) or Brazilian firm
Sonic Corp (SONC.O) Private equity firms
ValueClick Inc (VCLK.O) Publicis (PUBP.PA) and other ad agencies
Varian Semiconductor VSEA.O Applied Materials Inc (AMAT.O)
Veeco Instruments Inc (VECO.O) Applied Materials Inc (AMAT.O)
Walter Energy Inc (WLT.N) Steelmaker (US or foreign)
Willis Group Holdings (WSH.N) Aon (AON.N) or Marsh & McLennan (MMC.N)

or financial buyer
SOURCE: UBS
(Compiled by Michael Erman and Nadia Damouni)