The fall in each existing shareholder's stake when a company issues new shares to pay for something.
稀释
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| 67% | Why a chip designer paid $115 billion for a laser maker 稀释 · 第 6 张术语卡 | Marvell pays with 4.5 new shares per Lumentum share, so its own holders end up with 67% of a bigger company instead of 100% of a smaller one. 稀释本身不是坏事：只要买来的资产赚的钱多于多发股票摊薄的部分，老股东反而更富——这就是「增厚」。判断标准只有一条：每股收益是变多还是变少。所以并购公告里「accretive / dilutive」这两个词，比交易金额更值得看。 |