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Ann: BetMakers submits proposal to acquire Tabcorp assets, page-520

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  1. 4,404 Posts.
    lightbulb Created with Sketch. 284
    that is NOT correct

    dilution (e.g. capital raise) means issuing shares and getting CASH in return. e.g. $20 million cap raise = issuing more shares and receiving cold hard cash

    this applies here too. just in this case it's not 100% cash. it's $1 bilion in cash and $3 billion in dilution of equity.
 
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