Monday, May 2, 2011

46) Glen Tongue: next acquisition, what can shareholders do to help?

Our appetite is always there, we are not going to borrow a lot of
money, we are not going to issue shares, our cash balances will tend
to build. Lubrizol was $9B we are looking at a couple more that are
the same size, we cant do a really big elephant now, we wont stretch,
we have not taken extra risk because we dont need to

cm - very reluctant to issue shares, very different to other places,
friend sold to socialist country and country sold shares and said we
are getting this for nothing haha

wb - we hate issuing shares

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