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Apple To Acquire Canada, Spin Off Quebec

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April 01, 2011 – Comments (6) | RELATED TICKERS: FO.DL2 , O , L

Apple To Acquire Canada, Spin Off Quebec

 

In a long-awaited move, Apple (Nasdaq: AAPL) has put its considerable cash hoard and market valuation to work, announcing a decision to acquire the country of Canada in a cash-and-stock deal. This $250 billion deal will no doubt stir up controversy and concern among Apple investors about this unprecedented step in national government, while rival technology companies may feel pressure to acquire countries of their own.

The Structure of the Deal
Apple will be acquiring Canada with a mix of cash and stock, giving every Canadian citizen shares in this leading technology company. To fund the cash portion of the deal, Apple will turn not only to its sizable cash balance, but also bridge loans from an alliance of top American banks.

In the press release announcing their support for the details, the banks' (known as the Coalition of American Banks Above the Law, or CABAL) spokesman heartily endorsed the deal, stating "since U.S. regulators keep bugging us, we have decided to support this revolutionary step for Apple. It is our hope that this encourages other companies to consider acquiring countries and working with us to create a more useful system of rules and regulations. With our combined strength, we can end this destructive conflict and bring order to the galaxy!"

http://financialedge.investopedia.com/financial-edge/0411/Apple-To-Acquire-Canada-Spin-Off-Quebec.aspx

6 Comments – Post Your Own

#1) On April 01, 2011 at 1:28 PM, binve (< 20) wrote:

LOL! Good one :)

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#2) On April 01, 2011 at 1:31 PM, outoffocus (23.17) wrote:

I like the coalition of banks. =)

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#3) On April 01, 2011 at 4:36 PM, outoffocus (23.17) wrote:

What about all of Apple's cash?

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#4) On April 01, 2011 at 4:44 PM, chilero (82.33) wrote:

This is great news.  I always thought that Canada was undervalued. Didn't Phillip recommend shares in the Canada subsidurary Vancouver a few years ago in IV?  Should I sell my current shares in Canada or wait to see if other bidders come to the table? :)

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#5) On April 02, 2011 at 2:37 AM, HarryCaraysGhost (99.62) wrote:

Smooth move by APPL.

http://www.theodora.com/wfbcurrent/canada/canada_economy.html.

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#6) On April 02, 2011 at 11:33 AM, Bays (29.95) wrote:

Hahahaha this is great news.  I'm ecstatic to spin-off Quebec!  Good job, Apple!

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