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Disney said it instead would offer non-negotiable certificates of acquisition as collectibles.
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Most important, the Vivendi deal will leave USA with no debt, $3.4 billion in cash (and all sorts of stock certificates of the parent and subsidiaries) that can finance Mr. Diller's acquisition plans.
Certificates of deposit.
WEDNESDAY Ohio, $56.7 million of certificates of participation.
San Diego Water Authority, $175.4 million of certificates of participation.
Beaumont, Tex., $52.5 million of certificates of obligation.
California Imperial Immigration District Electric System, $250 million of certificates of participation.
Colorado, $146.8 million of certificates of participation.
Coursera does award certificates of completion, however.
North Carolina Infrastructure, $160 million of certificates of participation.
Orange County, Fla., $112 million of certificates of participation.
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