I dont think thats right.
Exxons MC is around that figure, Im 90% sure they dont have that much cash and
wouldn't be raising a measly $12B if they did have that much cash.
The market is ripe for them to swoop on someone.
EXXON gearing for Acquisitions, page-6
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Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
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| 50.5¢ | 88712 | 1 |
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