Assuming the new Administration will be far more receptive to M&A activity, there are probably quite a few companies that are (and have been) on the radar of other companies. Obviously these things are difficult to predict, and the odds of calling one out in this thread and being correct are low, but any random thoughts... please share.
National Beverage is one I have followed for years. The stock is not cheap, but it's a solid operation and they have been very shareholder friendly over the years. They pay out huge special dividends at random, $6.25 in the last 3 years alone. So obviously the cash-flow is there. It trades at about 4X sales with a pre-tax margin around 19%, no debt really. Forward and current PE is about 26+/-, not a lot of yoy growth in sales, they just plod along. So anyone that wanted it, would have to have a good reason to offer them a premium to the current share price. But there are some good reasons. Their distribution and bottling network is huge. Plus they own quite a bit of shelf space in the big box retailers along with their convenience store segment. That's very valuable, and probably why they do trade at that PE with little growth. My biggest reason however for throwing it out here... everyone in the company is old. The founder and CEO is 90, his son is 65, the executive VP is 78... it's like a family company almost. Why not shop it out to a buyer. The CEO though, he won't sell unless he gets (I would bet) north of $60/share. He's a character lol, his annuals are always an entertaining read. But who would pay say $6B for the brands and the infrastructure? Not Pepsi or Coke. Maybe one of the big overseas players in Europe or Japan. Who knows. Like I said above, the odds of throwing one out here and being right are low. But whatever. FIZZ---> $48