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.

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

  • Share Purchase Rights — A type of security that gives the holder the option, but not the obligation, to purchase a predetermined number of shares at a predetermined price. This is similar to a stock option or warrant. These rights are typically distributed to existing… …   Investment dictionary

  • Rights — A security giving stockholders entitlement to purchase new shares issued by the corporation at a predetermined price (normally less than the current market price) in proportion to the number of shares already owned. Rights are issued only for a… …   Investment dictionary

  • purchase — Transmission of property from one person to another by voluntary act and agreement, founded on a valuable consideration. Spur Independent School Dist. v. W. A. Holt Co., Tex.Civ.App., 88 S.W.2d 1071, 1073. To own by paying or by promising to pay… …   Black's law dictionary

  • RIGHTS, HUMAN — The following article deals with the subject of human rights, their essence and the contents of various fundamental rights as reflected in the sources of Jewish Law. The interpretation of Israel s Basic Laws concerning human rights in accordance… …   Encyclopedia of Judaism

  • 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

  • Rights issue — When doing a Secondary Market Offering of shares to raise money, a company can opt for doing a rights issue to raise capital. With the issued rights, existing shareholders have the privilege to buy a specified number of new shares from the firm… …   Wikipedia

  • 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

  • Rights offering — Issuance of rights to current shareholders allowing them to purchase additional shares, usually at a discount to market price. Shareholders who do not exercise these rights are usually diluted by the offering. Rights are often transferable,… …   Financial and business terms

  • 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

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