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)
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)