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"I've been scouring the market for potential acquisitions," said Mr. Brown, who joined K2 in April from units of UBS, the Swiss banking company.
The move will allow the company to raise its profile and get access to capital, as well as enabling it to use paper for potential acquisitions.
HSBC says it is looking for potential acquisitions in Mexico, China and the United States, but bank executives declined to comment today on the status of any discussions.
In a press statement, the company added that some of the $400m could also be earmarked for "potential acquisitions and strategic transactions".
Despite its barnstorming performance, the retailer again refused to pay a dividend, explaining that it wants to preserve its cash pile, largely for potential acquisitions in Europe.
For its part, SMFG debuted on the New York Stock Exchange last year, giving it paper for potential acquisitions in America.
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It plans to continue to look for potential acquisition targets, Abdun-Nabi said.
Many venture capital and merger-and-acquisition firms regularly visit AngelList, and Ravikant says he knows of one M&A firm that has actually hired a full-time employee to browse for potential acquisition targets.
By breaking Google into Alphabet, Mr. Page is hoping to make it a more welcoming home for employees to build new businesses, as well as for potential acquisition targets.
The research firm said it expects the bid to "keep a lid on all cable stocks near term," except for potential acquisition candidates, namely Cablevision Systems.
The company was incorporated in 2013, after a futile search for potential acquisition targets led Kennedy and co. to the conclusion that if they wanted to have a business in Canada they'd have to build it themselves.
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