Philip Davis
Philip Davis
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Philip Davis
Stop FollowingPhilip Davis
Lamar Advertising -- In Your Dreams! [View article]
My point is, if you are going to plunk down the extra $7Bn to buy this company, a net of $65M a year is just not going to cut it for most people! An acquirer would be limited (by a rational lender) to less than $1.5Bn in debt meaning they would have to come up with $5.5Bn in cash and stock just to pay the current market cap. You really don't want someone like me as a shareholder when you propose dilluting me by $5Bn to take on this company - even if it is Google doing the buying!