Across
- 4. Issue Offer to existing shareholders to buy new shares at discount.
- 8. Intangible asset created when purchase price exceeds net assets.
- 10. Face value printed on the share certificate.
- 11. Exchange ratio where neither acquirer nor target loses wealth.
- 12. When intrinsic value is higher than current market price.
- 13. Price at which a share trades in the market.
- 14. Share price after rights issue is accounted for.
- 15. Measures return generated on invested capital.
Down
- 1. Free shares issued from retained earnings.
- 2. Corporate action that increases shares and reduces per-share price.
- 3. Share value based on accounting net worth.
- 5. Use of debt financing to magnify returns.
- 6. Number of acquiring firm shares offered per target share.
- 7. Additional value created after a merger.
- 9. Maximum sustainable borrowing a company can take.