Bayer’s Deal Magic Is Cheap Debt – Bloomberg Gadfly

A sentence that seems to call for a short bet: When your borrowing costs are next to nothing, that logic can be used to justify almost any pricey acquisition. Source: Bayer’s Deal Magic Is Cheap Debt – Bloomberg Gadfly

Can’t Boards Find a Better Use for Capital Than Buybacks?

Just like the rest of us, corporate executives and board members have some tough choices to make about how to spend the company’s money. Or, I should say, our money. A public company sells stock to outside investors, meaning those of us with pensions and 401(k) plans and mutual funds. Its primary obligation by law…