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A former Caterpillar board member told Reuters that the board was "distracted" at the time by a larger acquisition.
Schering A.G. is seeking to buy a skin-care business for less than $250 million after scrapping a larger acquisition because the undisclosed seller decided not to sell.
The Yankees made a minor deal for the backup infielder Luis Sojo, trading the minor league pitcher Chris Spurling to the Pittsburgh Pirates, and a larger acquisition in claiming the slugger Jose Canseco on waivers.
Acquisitions of companies liquidating their assets were halved in 2011 and companies are benefiting from lower start-up costs by taking capital farther toward a larger acquisition".
Such "meaningful cooperation would be interesting and useful not only for Russian producers but for their European partners," he said during their meeting, and a larger acquisition was "in no way a step in the direction of an unfriendly acquisition".
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First it is a large acquisition for a business that has been targeting total acquisition spend of around £250m annually.
Shareholders are nervous that LVMH will pay too high a price for a large acquisition.
Still, RIM is a large acquisition to swallow, limiting the pool of buyers.
But it would struggle to find the cash for a large acquisition.
While Mr. Johnson did not rule out buying another business, like Keebler, a large acquisition may not happen anytime soon.
Few carriers appear to be interested in making such a large acquisition now that the United deal has fallen apart.
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