Share Purchase Right

Share Purchase Right

A right attached to some shares giving the shareholder the ability to buy more shares of the same stock at a given price. It is similar to a stock option, but is distributed to existing shareholders rather than bought and sold. However, share purchase rights may be traded like any other option.
References in periodicals archive ?
As part of the plan, in 2009 the Board of Directors declared a dividend of one preferred share purchase right for each outstanding share of its common stock and Class B stock.