GREY:ESPAF - Post by User
Comment by
luberonon Jun 25, 2015 9:44am
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Post# 23867220
RE:RE:RE:RE:RE:Market thinks the acquistion is a non event
RE:RE:RE:RE:RE:Market thinks the acquistion is a non eventLeafs007 wrote: Now we know why financing was done recently - for this acquisition.
That would be part of it for sure - in addition to golden parachutes, holders of Bluestreak's paper (e.g. Wellington Funds) would want their pound of flesh as well.
Also important to the financing was shoring up the balance sheet to ensure that it was solid, especially in light of the major contractual commitments. When you're up competing against the likes of Cisco, Ericsson and Comcast, you don't want to look like you're operating on a shoestring!