rights offering


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Noun1.rights offering - 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"
offering, offer - something offered (as a proposal or bid); "noteworthy new offerings for investors included several index funds"
References in periodicals archive ?
NYSE: KEF) (the "Fund") announced today that its rights offering (the "Rights Offering"), which commenced on January 19, 2007 and expired on February 16, 2007 (the "Expiration Date"), was over-subscribed.
DGTC) ("Del Global" or the "Company") today announced that the Registration Statement for its previously announced common stock Rights Offering was declared effective on January 30, 2007 by the Securities and Exchange Commission (the "SEC").
NYSE: REV) ("Revlon") today announced the completion of Revlon's significantly over-subscribed $100 million rights offering and the related private placement it launched on December 18, 2006, with public shareholders seeking to subscribe for approximately 72 million shares, which was approximately 34 million shares in excess of the 37,847,472 shares sold to the public in the rights offering at $1.
NYSE:REV) ("Revlon") today announced the expiration of the subscription period for its previously-announced $100 million rights offering and related private placement which it launched on December 18, 2006 and which is expected to be consummated later this week.
NYSE: REV) ("Revlon"), in conjunction with its previously-announced $100 million rights offering, today announced the subscription price and the number of shares of Revlon Class A common stock that can be purchased pursuant to each subscription right.
NYSE: ARC) today announced, in connection with its previously announced $80 million rights offering, that its board of directors has declared a special dividend consisting of rights to purchase 10 million shares of its common stock to all holders of record of ARC common stock as of 5:00 p.
NYSE: REV) announced today that it intends to launch, in December 2006, a $100 million rights offering that would allow stockholders to purchase additional shares of Revlon Class A common stock.
Pink Sheets:BVSN), a global provider of e-Business solutions, today announced the expiration of its rights offering as of Tuesday, November 28, 2006.
Specifically, as part of the new equity investment, Foamex International has entered into an equity commitment agreement to conduct a $150 million rights offering to existing common and preferred shareholders.
Motient Corporation (MNCP), announced today the successful completion of the rights offering the Company launched on August 8, 2006.
Any of Motient's stockholders who were not holders of record on December 17, 2004 who attempt to purchase shares in the rights offering will not be allowed to purchase any shares.
The purpose of the rights offering is to raise capital to repay a $10 million promissory note issued to fund the recent acquisition of ClickTracks Analytics, a Santa Cruz, California-based provider of web analytics services, and to provide Halsey with additional capital to support its future growth and possible additional acquisitions.