Stocks, Capital Raising strategies

When a company wishes to raise additional capital for forthcoming expansion, are there strategies a long term trader/investor can employ?

When a company makes a major announcement regarding maybe a discovery or buyout proposal, they will need finance to fund this, sometimes they do this via issuing further shares (dilution comes in here).

So after a major announcement, often stock price surges, then comes the capital raising announcement, then comes the share price plunge.

Is it savvy after a major announcement to do nothing, await the raising, then buy in after shares have stabilized?

I've noticed, often prior to a capital raising announcement, price 'gets pushed up' in order for Co. to get a better price.

Any tips about capital raising strategies?

 

You may want to catch the sparknotes of You Can Be a Stock Market Genius. Joel Greenblatt writes about investing in special situations.

 

One common strategy for healthy companies is what is known as "spot secondary". The firm's banks will line up "size" buyers and do fixed price secondary after the COB - pegged to a discount to the listed closing price. It is not uncommon for the firm to take the block down in a principal trade - say a dime discount to the close and offer it out at a nickel discount. Occasionally they end up eating some stock.

 

The most common way to raise additional funds is to trade shares and debentures.

 

I was thinking more along the lines; Is there money in trading stocks (lower risk and higher reward) which are capital raising? (if you get your timing right)
Any best ways of working this system?