Vocus group, page-153

Companies cant just raise money because they want it, they need a reason, they couldnt have raised $800m to just save for a rainy day.

Obviously Vocus would have no chance of pulling off a deal like Nextgen now, they couldnt raise that much money with share issue and they dont have debt room to make up the difference, it was a very well timed deal IMO.

I know you dont want to look at it like this, but Vocus got Nextgen for 83.7m shares+$240m, on todays terms thats $450m, to get $96m EBITDA, would that be enough ROIC/ROE for you ?

The more the SP tanks the greater the deal looks in retrospect, its beautiful.