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Snapping Up Euro Bargains with Trapped Cash
Author(s) -
Le Guyader Louis P.
Publication year - 2012
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.21823
Subject(s) - cash , business , finance , monetary economics , economics
American corporations now hold well over $1.7 trillion in cash‐a record‐breaking level. But much of it is held overseas to avoid higher U.S. taxes and is called “trapped cash.” Is it time to use some of that cash to snap up what are now bargain‐priced Euro companies? Maybe it's time to “liberate” your trapped cash! © 2013 Wiley Periodicals, Inc.