Renounceable Rights Issue
Further Reading
A renounceable rights issue is when a company offers its shareholders the right to purchase more of the company’s stock, usually at a discount to market rate. Compare this right to a non renounceable rights issue. Stockholders who are offered a renounceable rights issue can either:
- Accept the offer
- Sell their rights to the market
- Pass on taking advantage of the rights offer
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- National Australia Bank (NAB)
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- News Corporation (NWS)
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- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)