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Tech Data, Lincare, Jabil named as potential leveraged buyout targets

UBS analysts targeted three major area companies — Clearwater's tech giant Tech Data Corp. and home oxygen provider Lincare Holdings, and St. Petersburg's electronics manufacturer Jabil Circuit — on a nationwide list of 27 potential companies ripe for a leveraged buyout. The UBS U.S. special-situations equities sales team assembled the list because leveraged buyouts (LBOs) are increasing. Why? Because private-equity firms are hunting for stock market candidates in which to invest tens of billions of dollars committed by pension funds and other institutional clients. Details and the 27-company list appear in a recent Barron's story headlined "LBO Hunt: Who's Next?" The issue touches a Tampa Bay business community nerve because the region already has so few publicly traded corporations of size based here. A typical LBO deal means a public company would be taken private. The good news? States Barron's: "Even if no deals materialize, these stocks could do well. The virtues that make them appealing to private-equity outfits could make them attractive investments."

Tech Data, Lincare, Jabil named as potential leveraged buyout targets 05/05/11 [Last modified: Thursday, May 5, 2011 6:14pm]
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