NWG

"Utility Northumbrian Water moved up 5 to 347p after UBS suggested once more that it was a "highly likely takeover candidate". Analyst Daniel Stillit noted that three water companies have been bought out during the credit crisis at attractive valuations (Southern Water, Kelda and Staffordshire Water) and that Northumbrian is the most likely company to go next. He sees a potential takeover valuation of 426p per share."

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/12/cxmktrep112.xml