Clash at Michigan National meeting spurs buyout talk.

An acrimonious annual shareholder meeting has revived merger Michigan National Corp.

After attending the meeting in Detroit, analyst Micheal K. Diana ofheal Prudential Securities Inc. put a "buy" rating on the stock, saying he was convinced that dissident shareholders have the mometum to force a sale.

"I've been saying a proxy fight wasn't going to be a winnder, but based on what happened yesterday, I know think a proxy fight is a winner," the merger and acquisition expert said.

Predicting a sale within 15 months, Mr. Dana put a 12-month target price on the stock of $80 and an 18-month target of $90. It closed at $65.25 Wednesday, up $1.50. …