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The group was sufficiently confident to attempt a significant acquisition.
"The median banker-advised company making a significant acquisition outperformed the relative index by approximately 6percentt," Mr. Winn said.
Still, this is now the second time Cerberus has tried to walk from a significant acquisition.
Our assumption is that under current conditions investors will need to remain patient, as a significant acquisition would likely affect our estimates.
"Given the age and contract status and the fact we could make a significant acquisition, all those factors make sense to us," Ash said.
More bearish commentators have been concerned that Vodafone has been set to embark on a significant acquisition splurge that was set to destroy value.
Similar(39)
Pato had also been wooed back from Milan and was in some ways a more significant acquisition: a rare instance of a Brazilian club outbidding the Europeans for a player in his prime.
When his firm announced its annual results on January 29th, he went so far as to declare that it definitely does not "need a merger or significant acquisition".Perhaps such self-confidence is justified.
Also, given that APC is a new therapeutic agent associated with significant acquisition cost, a larger treatment effect (10-point difference) was sought to justify its use.
During a conference call with investors on Wednesday morning, some analysts asked whether the company was equipped to handle both a substantial acquisition and significant remediation.
Riya, the celebrated facial recognition company that has allowed in a few lucky alpha testers over the last few months, was the subject of significant acquisition rumors a few weeks ago.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com