Nabors Industries (NBR) Higher on Renewed Takeover Rumors

Nabors Industries Ltd. (NYSE: NBR) has ramped higher on renewed takeover rumors. Spokesman declines to comment - Bloomberg.

WSJ Discusses Next Takeover Targets

The Wall Street Journal's 'Heard on the Street' column discuss who's the next takeover target, following the wave of deals. The article mentions Sprint Nextel (NYSE: S), Hilton Hotels (NYSE: HLT), Lennar (NYSE: LEN), Ryland Group (NYSE: RYL), D.R. Horton (NYSE: DHI), Avis Budget Group (NYSE: CAR) and Nabors Industries (NYSE: NBR) as possible targets. The report also reiterated that private-equity firms are looking at ServiceMaster (NYSE: SVM). Link $

Nabors Industries (NBR) Volatile on Takeover Talk

Nabors Industries Ltd. (NYSE: NBR) jammed over 8% higher mid-day on rumors the company is a takeover target. The stock has quickly given back most of the gains after Bloomberg ran a headline saying company spokesman Smith says there is 'no substance' to the takeover rumors.