tail swallowing

tail swallowing
On a rights issue, where a person sells sufficient of his nil paid rights in order to enable him to take up the balance of his entitlement under the rights issue, using the net proceeds of the sale of the nil paid rights to enable him to do so.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем решить контрольную работу

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