Pride's stock (PDE) was trading below $33 a share in late January when my post went up highlighting Footnoted's takeover candidates just after one of them, Smurfit-Stone Container (SSCC), announced that it was being acquired. Pride soared more than 15 percent on Monday, closing at $39.80, after the announcement that Ensco (ESV), a rival oil and gas drilling company, plans to buy Pride for about $7.3 billion, or $41.60 a share. If the agreement is consummated, it will create the world's second-largest offshore oil and gas driller, according to Reuters.
Seadrill apparently wasn't interested, or at least not interested enough. If Pride were the only one of the 10 takeover candidates that was the subject of an agreement, it could be dismissed as luck. The fact that deals have been announced for two of the 10 - and in less than a month after the report was published - suggests that Footnoted's analysts know what they're talking about and that the other eight candidates on the list bear watching.