Armitage, Seth; Dionysiou, Dionysia; Gonzalez, Angelica - In: Journal of Business Finance & Accounting 41 (2014) 5-6, pp. 743-772
This paper investigates the large and diverse discounts in UK open offers and placings. Large discounts are a substantial cost to shareholders who do not buy new shares. The existing literature mainly examines US firm-commitment offers and private placements. The institutional setting differs in...
