The transaction must be denominated in dollars, but must dollars actually change hands? I don't think so. Companies buy other companies with stock issues all the time.
> transaction must be denominated in dollars, but must dollars actually change hands?
I believe it's the other way around. It can be denominated in anything, but trading e.g. the deed to your house for some Apple stock is a no no. (Doesn't have to be U.S. dollars, though.)
I believe it's the other way around. It can be denominated in anything, but trading e.g. the deed to your house for some Apple stock is a no no. (Doesn't have to be U.S. dollars, though.)