(Takeover Targets: Consumer Stocks in Play report updated with detail about PepsiCo.)
NEW YORK ( TheStreet) -- Corporate dealmaking is staging a comeback in 2011 after hitting a six-year low in 2009, and a roster of consumer stocks represent potentially lucrative targets.
"Leveraged buyouts likely will remain a persistent theme, as private equity and other buyout firms look to put dry powder to use before capital commitments expire," noted Morningstar analyst R. J. Hottovy earlier this year. "We also expect acquisitions to have a global feel in 2011, as domestic firms look to both established and emerging markets for takeover candidates to enhance anemic domestic returns during the last few years."
In March General Mills ( GIS)
Other firms looked to growing niche markets for expansion.