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 (https://doi.org/10.1111/j.1468-5957.2010.02200.x)

Full text not available in this repository.Request a copy

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.

ORCID iDs

Hillier, D.J. ORCID logoORCID: https://orcid.org/0000-0002-1591-4038;
CORE (COnnecting REpositories)