History would suggest that the SP will trade around the rights price and likely trade below it depending on the deal of course.
So you might get to buy on market at less price.
The benefit for the majors taking up their rights, is that they will be able to buy more without inflating the price. The big end of town getting an easy ride again.
HB
AVB Price at posting:
8.8¢ Sentiment: Hold Disclosure: Held