Scalper1 News
Cash-rich tech companies like Cisco Systems (CSCO), Intel and Microsoft will still have dry powder for takeovers; but those with speculative-grade credit ratings will be hard-pressed to make deals as interest rates rise, hiking borrowing costs for debt-funded deals, says Standard & Poor’s in a report. “We forecast lower leverage for U.S. speculative-grade tech companies because we anticipate that M&A and shareholder returns will be less attractive Scalper1 News
Scalper1 News