25. Rights issues vs. cash offers (S14.3) Suppose that instead of having a rights issue of new...

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25. Rights issues vs. cash offers (S14.3) Suppose that instead of having a rights issue of new stock at €4 (see Problem 24), Pandora decided to make a general cash offer at €4. Would existing shareholders still be just as well off? Explain.

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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