RE:Rights?Many companies have a sharholder rights plan or as some refer to it as a "poison pill" plan such that if a hostile bid ( one that has not been appoved by the directors) is offered directly to sharholders, then there are conditions that must be met before the bid is legal. THese conditions may include requiring 2/3 of shareholders to submit to the offer or may result in further share dilution by offering shareholder options to buy the shares at a discount.
That is why I asked for more clarity on the conditions of the SRP