rights issue

World English Dictionary
rights issue
 
n
stock exchange Also called: capitalization issue an issue of new shares offered by a company to its existing shareholders on favourable terms

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WordNet
rights issue

noun
an offering of common stock to existing shareholders who hold subscription rights or pre-emptive rights that entitle them to buy newly issued shares at a discount from the price at which they will be offered to the public later; "the investment banker who handles a rights offering usually agrees to buy any shares not bought by shareholders" [syn: rights offering
WordNet® 3.0, © 2006 by Princeton University.
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