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Ex-Rights Date

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Ex-rights date
The date on which a share of common stock with rights on it begins trading ex-rights.

Ex-Rights Date
The date on which any right on a stock that has been declared, but not distributed, belongs legally to its seller rather than the buyer. That is, when one sells a stock on or after the ex-rights date, the right will remain with the seller when it is distributed. On the other hand, if it is sold before the ex-rights date, the right will go to the buyer. See also: Ex-dividend date.

ex-rights date
The first day of trading on which new buyers of a firm's stock will not be entitled to receive recently declared rights to buy shares in a new security issue.


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The Ex-Rights Date for the Offer will be determined by the New York Stock Exchange pursuant to its normal procedures.
Important Dates: Ex-Rights Date December 19, 2005 Record Date December 22, 2005 Expiration Date January 20, 2006 The subscription price will not be determined until the expiration of the Offer, January 20, 2006 (the "Expiration Date"), unless extended.
 
 
 
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