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With over €10bn of cash on its end-2009 consolidated balance sheet, and with non-committal comments we would not be surprised were GDF Suez to return with an offer containing an element of cash, which we believe would be more acceptable to International Power's shareholders.
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Carillion sweetened the reduced offer by increasing the cash element of a cash and shares proposal.
But NovaStar, known for creativity in its lending practices, also came up with a novel element of executive pay: cash dividends were accrued and paid to top executives on their stock option grants.
In its report Parliamentary Pay in 2007, the Senior Salaries Review Body (SSRB) found that the cash element of the MPs' reward package was worth 85% of the average cash reward available to a selected group of other public sector professions.
We misstated the cash element of the deal that sent Samuel Eto'o to Internazionale.
Kraft has upped the cash element of the offer from 330p a share to 500p.
Mittal said the cash element of its offer would be "adjusted" to take account of a share buy-back by Arcelor or any issues of new shares.
VT also points out that the cash element of Babcock's offer largely comes from the sale of its own BVT shipbuilding arm.
The cash element of the new bid is about 32% of the price, only slightly higher than the previously offered 30%.
If Microsoft is sincere about its motives, it should agree to substitute the free software element of the package for cash.
In the short term it is attempting moral suasion to limit to £25,000 the cash element of bonuses at banks in which it has a large shareholding.
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