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Discussion of block buying and choice of issue method in UK seasoned equity offers.

Hillier, D.J. (2010) Discussion of block buying and choice of issue method in UK seasoned equity offers. Journal of Business Finance and Accounting, 37 (3). pp. 449-455. ISSN 0306-686X

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Abstract

In an exploratory study, Armitage (2010) investigates the ultimate buyers of UK seasoned equity offers. Although pre-emptive rights are enshrined in company law and provide a source of value to existing shareholders, a sizeable proportion of newly offered equity is not taken up by rights holders. With an extensive manually collected database, Armitage (2010) considers the underlying reasons driving this free transfer of valuable rights, and discusses the efficacy of alternative offer methods in meeting the needs of a corporation’smain stakeholders – that is, itsmanagement and shareholders.

Item type: Article
ID code: 28388
Keywords: seasoned equity offer, open offers, placings, rights issues, blockholdings, Finance, Commerce, Accounting, Marketing. Distribution of products, Finance, Business, Management and Accounting (miscellaneous), Accounting
Subjects: Social Sciences > Finance
Social Sciences > Commerce
Social Sciences > Commerce > Accounting
Social Sciences > Commerce > Marketing. Distribution of products
Department: Strathclyde Business School > Accounting and Finance
Related URLs:
Depositing user: Miss Donna McDougall
Date Deposited: 23 May 2011 11:32
Last modified: 05 Sep 2014 05:53
URI: http://strathprints.strath.ac.uk/id/eprint/28388

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