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rights
(redirected from rights offering)

    Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.01 sec.

rights n. 1) plural of right, which is the collection of entitlements which a person may have and which are protected by the government and the courts, or under an agreement (contract). 2) slang for the information which must be given by law enforcement officers to a person who is about to be arrested, is a prime suspect in a crime, or is officially accused of a crime. These "rights" are short for "Miranda rights," which the Supreme Court in Miranda v. Arizona (1966), required be read to alleged criminals, including the rights to remain silent and to have an attorney (and if the suspect cannot afford a lawyer, one will be provided), and warning that anything the suspect says can be used against him/her in court. Failure to recite these rights means that a confession may not be used as evidence. (See: Miranda warning)
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The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the "Fund") authorized the Fund's investment adviser to explore the benefits to shareholders of a rights offering for the Fund.
Gabelli Utility Trust to Review Benefits of Rights Offering by Business Wire
BankAtlantic Bancorp (NYSE:BBX) announced today that BFC Financial Corporation (Pink Sheets: BFCF) has provided notification of its intent to fully participate in BankAtlantic Bancorp's previously announced rights offering by exercising all of its subscription rights at the subscription price of approximately $30 million.
BFC Financial Corporation to Fully Participate in BankAtlantic ... by Business Wire
00 per share for its previously announced rights offering of up to $100 million of its Class A Common Stock to its shareholders of record as of August 24, 2009.
BankAtlantic Bancorp, Inc. Announces Terms of Proposed Rights Offering by Business Wire
 
 
 
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