AMP 3.54% 95.5¢ amp limited

dow jones...heading for 15.00..possible takeover

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    [Dow Jones] AMP (AMP.AU) up 1.2% at A$9.61, hits record high of A$9.67. Southern Cross Equities says it's a potential takeover target. "While we recommend AMP on fundamentals, I wouldn't be surprised to see it become an M&A target of a major bank that is short wealth management. We think AMP is headed to A$12.00 in the medium-term, but if a major bank comes knocking the take out price would be closer to A$15.00." Says AMP is largest-scale play on structural growth in super theme. Also says not to forget Perpetual (PPT.AU) and IOOF (IFL.AU). (DWR)
 
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