Subject category:
Finance, Accounting and Control
Published by:
Cranfield School of Management
Length: 6 pages
Data source: Published sources
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Abstract
In 1981, Chloride Group was making losses, had a debt/equity ratio exceeding 100%, and its share price had slumped to nominal value. The case requires students to forecast the company''s financing needs over the next year or two and to suggest alternative ways of raising the money. In fact, Chloride made a Rights issue to ordinary shareholders of convertible preference stock; and time should be left for this unusual method of financing to be revealed and discussed.
Subject category:
Finance, Accounting and Control
Published by:
Cranfield School of Management
Length: 3 pages
About
Abstract
In 1981, Chloride Group was making losses, had a debt/equity ratio exceeding 100%, and its share price had slumped to nominal value. The case requires students to forecast the company''s financing needs over the next year or two and to suggest alternative ways of raising the money. In fact, Chloride made a Rights issue to ordinary shareholders of convertible preference stock; and time should be left for this unusual method of financing to be revealed and discussed.
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Subject category:
Finance, Accounting and Control
Published by:
Cranfield School of Management
Length: 3 pages