haku: @indexterm France / yhteensä: 3968
viite: 541 / 3968
| Tekijä: | Stonham, P. |
| Otsikko: | The Eurotunnel Rights Issue Part Two: Implementation |
| Lehti: | European Management Journal
1995 : VOL. 13:3, p. 295-303 |
| Asiasana: | CHANNEL TUNNEL INVESTMENT FINANCE UNITED KINGDOM FRANCE |
| Kieli: | eng |
| Tiivistelmä: | In 1994, Eurotunnel, operator of the Channel Tunnel between Britain and France announced it was launching an E858 million gross rights issue of equities to cover its cash requirements and secure its financial future. The result was a successful piece of financial engineering and one of the largest equity rights issues in modern times in British corporate history. Part One of this Case Study covered the strategy involved. In Part Two of the Case Study, Paul Stonham focusses on the implementation of the rights issue, involving the rights discount and underwriting, warrants, pricing, questions of dilution, and alleged 'shorting'. An evaluation is made of the success of the rights issue. |
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