$21 million in c/s will be issued to help fund AquisitionThe outstanding shares of SPF would be purchased for about $110 million in Canadian dollars, consisting of about $89 million cash and about $21 million in common shares of Parkland.
This will result in high dilution of stocks
would be better to take the loan for the entire purchase. In corporate structure you can write off the interest expense on 100% of loans but you can't do that with dividend payments.
Mores shares = less eps overall.