TNT has $1.7MM cash. That's not much of a warchest for an acquisition. Of course they can issues shares, up to about 15% of their market cap without shareholder approval. That's about another $1.25MM. All up, they could probably manage a $3MM deal, with a long-ish payment schedule. I can't see that being game changing, but am prepared to be pleasantly surprised. What are they going to buy for $3MM? Not a major distribution channel, for sure.
I'm wondering if there is not something else in the wind? Maybe TNT is on the block? Or an offer of a major cash injection?
TNT has $1.7MM cash. That's not much of a warchest for an...
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