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The Jefferies deal may be more than just a traditional takeover play.
However, senior Treasury officials said privately that they had exempted A.I.G. because they did not consider the rescue to be a traditional takeover.
But analysts are less confident that Mr. Heyman will win this time around, unless he considers making a more traditional takeover proposal -- with real money.
Traditional takeover targets, like mining companies and energy utilities, remain popular, but other sectors, including telecoms and construction, also have recorded high volumes of deal activity, as international buyers look to take advantage of Europe's financial woes.
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Call it 460p after yesterday's encouraging numbers, add a traditional 30% takeover premium, and you get about 600p.
Among them are a poison pill, which makes a traditional hostile takeover prohibitively expensive, and a staggered board, which prolongs proxy fights.
He said the focus on more traditional companies stems from the takeover of so many dot.coms by such concerns.
Some are threatened with extinction through forced assimilation and the takeover of their traditional lands by Brazilian loggers and landless peasants.
On the final - shortened - trading day before Christmas, the traditional quiet time was enlivened by takeover talk surrounding Smith & Nephew.
Its advertising, meanwhile, is comprised of traditional inventory like banners and background takeovers, as well as newer products like sponsored video series — Vox added its own in-house agency earlier this year to help with that effort.
It all adds to the suspicion that Livingstone and Jasper are undermining the traditional event as part of an aggressive takeover bid".
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