Why does having more cash make a business strategy better? Just because they have cash to spend, doesn’t instantly mean there are synergies. In fact, most corp

Why does having more cash make a business strategy better? Just because they have cash to spend, doesn’t instantly mean there are synergies. In fact, most corporations tend to spend cash for acquiring irresponsibily. At the beginning of any MBA class discussing mergers and acquisitions, they’ll cite the fact that the majority of these fail to produce the intended value.