1.   An increase in common stock tends to be taken negatively by investors for diluting the value of the existing pool of shares.

2.   Analysts attributed the decline to the new share sale, which will tend to dilute the value of the existing shares.

3.   And the academy, Pavlik says, does not like to add categories and dilute the value of the Oscar.

4.   At the same time, Microsoft buys back stock in the open market to prevent employee awards from diluting the value of shares held by investors.

5.   A higher price would presumably have made investors happier, given that the new shares will dilute the value of existing stock.

6.   A sale of new shares dilute the value of current shares.

7.   Brown, for his part, said he would prefer raising capital now to extinguish the debt, even if it diluted the value of existing shares.

8.   But analysts say the deal diluted the value of the stock by as much as one-third.

9.   Chairman Robert Miller said earlier this month that the company is considering a new equity issue that would dilute shareholder value.