"While RG doesn't specifically mention Treasury shares, I think we can assume some combination of outstanding and tresury shares would be used."

Of course I knew and know "everything" RG has said since his start regarding the shares as a currency, my question was more a rethorical one - because again "someone" is stating ASSUMPTIONS as FACTS!

We all don't know, if RG means those shares, which were bought in the last years or treasury shares, which he never mentioned.

IMHO the use of normal shares or treasury shares as a M&A curreny is both dependent from the further shareprice development - and here again WE can only assume, what might happen, while RG might/should have a much better look in the future, what will happen.

GLTY