Excess shares - sell to buy17 Sep 2020 12:39
Calamari, you mentioned you can sell your IAG shares to fund your rights take-up. Assuming one already has the funds to take up one's full rights allocation, would it then be possible to use the simultaneous sale of one's existing IAG shares to purchase any excess shares offered at 85p, thereby exploiting the 130p-85p difference to buy in more cheaply (assuming of course excess shares are offered up)?