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Crédit Agricole, which is based in Paris, said that it had more than 5 billion euros ($6.4 billion) to expand abroad, and that it might make a large acquisition in Western Europe.
As a result, a number of companies find themselves in a position where they can afford to make a large acquisition because they can use their stock, which is trading high, as a currency.
Mr Iger must be aware that a more realistic way to reach his target would be to make a large acquisition in a developed market such as Germany, Britain or Japan.
Vallares plans to use the proceeds to make a large acquisition in the oil and natural gas industry, the company said in a statement filed on Thursday with the London Stock Exchange.
Management says it is considering using some cash to make a large acquisition, possibly in Australia.
Usually, companies that make a large acquisition are punished by shareholders due mostly to concerns about dilution and excessive goodwill.
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An S&P Global study found that companies more often than not underperform their peers after making a large acquisition.
Making a large acquisition in any of these fields would alienate its other partners and might do more harm than good.
In 2008 Kinetic Concepts made a large acquisition of its own, paying $1.7 billion in cash for LifeCell, now a unit of the company that develops surgery products that use human skin tissue.
Newmont has had operational issues, and Barrick fell out of favor when it made a large acquisition.
Reports also speculate that Bristol might try to buy its way out of its current troubles by making a large acquisition or by acquiring a promising smaller company.
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