- purchase rights
- Anti-takeover device that gives a prospective acquiree's shareholders the right to buy shares of the firm or shares of anyone who acquires the firm at a deep discount to their fair market value.
Euroclear glossary. 2008.
purchase rights
Look at other dictionaries:
purchase rights — Anti takeover device that gives a prospective acquiree s shareholders the right to buy shares of the firm or shares of anyone who acquires the firm at a deep discount to their fair market value. Euroclear Clearing and Settlement glossary … Financial and business terms
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Purchase of T-Mobile USA by AT&T — The merger of AT T and T Mobile USA was announced on March 20, 2011. On August 31, 2011, the Antitrust Division of the United States Department of Justice formally announced that it would seek to block the takeover, and filed a lawsuit to such… … Wikipedia
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rights issue — An issue of shares for cash by a company to its existing shareholders on a basis pro rata to their existing shareholdings. The issue will normally be at a substantial discount to the current share price (usually between 20% and 40% discount). The … Financial and business terms
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rights offering — Issuance to shareholders that allows them to purchase additional shares, usually at a discount to market price. holdings of shareholders who do not exercise rights are usually diluted by the offering. Rights are often transferable , allowing the… … Financial and business terms
