Posted AT 4:40 AM EST on 16/02/06
Cash-rich, tasty prey
Canadian companies are so flush with cash that unless they start putting it to good use, they risk becoming prime targets for foreign takeovers, a new study concludes.Corporate profits are at their highest levels in decades across North America, and companies have been sitting on their cash -- to their own detriment, the study by Royal Bank of Canada says.
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