Kris, I would hang on to cash any day (perhaps a majority in real Canadian $$$!!). Relatively speaking, stocks can melt as we have seen lately!
I too think it is way too much cash. Only time will tell how wise this decision is!
I am not sure there is a big difference between using stock or cash...the stock can be sold on Nasdaq at any time afterall (sure, if you dumpt it in one hour it is going to depress the value of the entity you are selling but if done over time it should be equivalent to cash)...Kris
In the last bubble, Broadcom acquired like crazy but they did it by issuing more shares and acquiring their targets with paper (share certificates).
Looks like target investors are looking for cash in this case.