[Dark Skies]

Yes they do. DPW may be borrowing the money from a bank, but they will be wiring 6+B in cash to the seller's accounts.

In the world of finance, that still isn't what one might call a cash transaction.

If you buy a car and pay cash...you don't borrow to raise the cash...same principal in the mergers and acquisitions biz.

Unless it has changed since I was in it...

[wideawake]

In the world of finance, that still isn't what one might call a cash transaction.

Uh, yes it is.

Whenever an acquisition occurs, the financial community's first question is: was it done for equity or cash?

If DPW is not using equity to acquire this business, then it is using cash - whether that cash is borrowed or comes from operations is of absolutely no concern to the seller.

To him, it is cash.