With stock markets continuing to spiral downward and valuations getting cheaper and cheaper, I wouldn't be surprised to start seeing a big pickup in mergers and acquisitions (M&A). Yesterday came news of the Israeli company NetManage, Inc. (NASDAQ: NETM) being acquired by Rocket Software for approximately $69 million, a 95% premium over the previous days closing price. That is also coming on the heals of Hewlett-Packard Company (NYSE: HPQ)'s purchase of Nur Macroprinters Ltd. (OTC: NURMF.pk) earlier in the week. Israeli M&A is back with a vengeance. A very slow year up until now has suddenly turned hotter than the New England Patriots.

With the focus squarely back on foreign firms picking up Israeli publicly traded firms for cheap, here are 3 M&A picks for to keep an eye on.

Continue reading Three Israeli takeover targets

Three Israeli takeover targets originally appeared on BloggingStocks on Thu, 13 Dec 2007 18:24:00 EST. Please see our terms for use of feeds.