AIZ 0.00% 49.5¢ air new zealand limited

Ann: Air New Zealand announces opening of Rights Offer, page-12

  1. 2,868 Posts.
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    You only get one right for each share you hold. But that single right gives you the opportunity to buy 2 shares.

    (I don't know why AIR didn't just make it 1:1 at $0.98 which would still have been a discount)
 
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