個案資料
了解個案內容與學習目標，選擇授課教師及使用課程。
Technical Note on Equity-Linked Consideration, Part 3: Cash-and-Stock Deals
內容大綱
The consideration paid by an acquiring company to a target can be a combination of cash and stock. During the 1980s and 1990s, for example, approximately 12% to 13% of all deals between public companies involved both cash and stock. This case series describes the basic mechanics of equity-linked consideration. Part 3 looks at the value and risk of cash-and-stock transactions to the shareholders of the acquiring and the target companies. The case also considers the announcement effects of such transactions and their impact on the post-announcement betas of the two companies.