Earlier this week, an email landed from Footnoted, unit of Morningstar that forecasts mergers and acquisitions, touting its record so far this year.
And it’s a pretty impressive record. In mid-January, it published a top-10 list of potential takeover targets for 2011. And now, less than a month later, just eight are left. Smurfit-Stone Container Corp. was the first one of its 10 to get acquired. Less then two weeks after the list came out, the cardboard company agreed to be acquired by RockTenn Co. for $3.5 billion. (A group of hedge funds that own about 9% of Smurfit are reportedly opposing the deal.)
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