RE:RE:Smart move Here is how it works:
they announce the deal without pricing or number of shares. The deal is marketed to institutions and then the underwriters and company decide on a fair price which would allow the deal to close. The number of shares and dilution will be a function of the price. This is negotiation between the buying syndicate and the company. Once deal terms are struck, then number of shares and pricing will be announced. That is an institutional marketed deal. If the company doesn't like the price , they have the option to pull the deal.
cheers