4 Merger and Acquisitions Stock Stories to Spark Chatter

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Cisco Systems (NASDAQ:CSCO): Current price $21.28

Chief Executive John Chambers says that even though his company has $46 billion in cash, he will no longer use it to purchase domestic companies. The apparent reason for this is that some 80 percent of the funds are in overseas accounts and if the money is spent in the United States, 35 percent will go to the IRS. Chambers has for several years been trying to get the government to modify the tax rule, which he maintains prevents him from employing more American workers. For the meantime, the executive says that he has ceased shopping for acquisition targets in the U.S. as well.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

csco

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business