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"We don't comment on acquisitions," he said.
Q. Aren't you increasingly dependent on acquisitions for innovations?
L'Oreal spent $1 billion on acquisitions last year.
Gannett spent approximately $4.6 billion on acquisitions last year.
Growth dependent on acquisitions often fails to arrive.
Playtech Looks to Spend $800 Million on Acquisitions | Playtech, a maker of gambling software, said it was looking to spend more than $800 million on acquisitions.
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"Bolt-on acquisitions are safer-sounding and are a safer kind of deal to do".
Still many deals tend to be "bolt-on acquisitions" that add incrementally to an existing business.
Yet the remaining option of pursuing smaller, bolt-on acquisitions comes with problems too.
It expects growth this year both organically and from bolt-on acquisitions.
On the prowl for bolt-on acquisitions.
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