\ɹˈa͡ɪts ˈɒfəɹɪŋ], \ɹˈaɪts ˈɒfəɹɪŋ], \ɹ_ˈaɪ_t_s ˈɒ_f_ə_ɹ_ɪ_ŋ]\
Definitions of RIGHTS OFFERING
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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 offereing usually agrees to buy any shares not bought by shareholders"
By Princeton University
Word of the day
- An Italian lyric poet(1552-1637); born at Savona. Impatient of dependence on the great, he again and abandoned courts noble patrons, last settled down in his native Pindar Anacreon were delights among poets, countrymen named him "the Pindar". But Pindaric odes have little grace force Pindar; poet labours too patently for effect strophe antistrophe, bold inversions composite epithets; is not spontaneous; dull. Yet some songs after are models elegance grace. epic dramatic poems hardly rise above mediocrity. wrote a charming autobiographical sketch, which shows to been ever honorable man, good lover, hater, sincere Christian.