teryy plans to raise $100 million through a seasoned equity offering of 2 million new shares. To limit dilution for its
Posted: Wed Jul 06, 2022 6:44 pm
teryy plans to raise $100 million through a seasoned equityoffering of 2 million new shares. To limit dilution for itsexisting shareholders,terry will conduct a rights offering toallocate the newly issued equity. Currently the company has 10million shares priced at $29.40 in public markets. Assuming anexisting shareholder (with one share) wanted to sell of theirright, they would receive _____ , and after the transaction theprice of terry's equity will be ______ per share.