目前以微软“现金+股票”的方案，雅虎的股票正以2％的溢价进行交易，这也意味着投资者们希望微软提高收购价格。
Yahoo shares are trading at a 2 percent premium to Microsoft's cash-and-stock deal, indicating investors expect Microsoft to raise its bid.
对那些以股息形式可靠地提供稀有现金的股票，投资者愿意支付什么样的溢价水平？
What kind of a premium will investors pay for stocks that reliably churn out scarce cash in the form of dividends?
有迹象显示，这一切正在发生：若将现在所支付的一般溢价作为目标公司现金流转中的百分比来计量，它是在从最后一个泡沫破碎到今天的这段时间里最高的。
There are signs that this is happening: the average premium being paid, when measured as a percentage of the target's cash flow, is higher that at any time since the bursting of the last bubble.
应用推荐