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What Does Rights Offering (Issue) Mean?
Issuing rights to a company's existing shareholders to buy a proportional number of additional securities at a given price (usually at a discount) within a fixed period.
Investopedia explains Rights Offering (Issue)
Rights are often transferable, allowing the holder to sell them on the open market.
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Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral