Private and institutional shareholders are angry because the deal ignores their pre-emption rights – they should have first refusal on any new shares issued – and would dilute their stakes.

私人和机构股东之所以愤怒，是因为这笔交易无视他们的优先购买权----任何新股份发行，他们都应该有第一承购权，----并且降低了他们的持股比例。

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The Leases are not subject to any options or rights of preemption or first refusal in favour of any third parties.

租契并不受制于以任何第三方为受惠人的任何选择权或优先购买权利或优先权。

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Safeguards: disclosure requirements, rights of first refusal, option.

保障措施：披露要求，首次拒绝的权利，选择。

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The NRTC, Pegasus and DirecTV filed claims and counterclaims against one another, disputing the length of Pegasus' original contract with DirecTV and whether Pegasus had the right of first refusal to acquire comparable rights when it ended.

FORBES: Magazine Article

According to the LHN contract, ESPN would have the right of first refusal to all television rights held by the conference if Texas became an independent, which is currently rights to all but one home football game.

FORBES: Longhorn Network Isn't A Roadblock For Texas To Join Pac-12

According to sources, the deals Fox has with baseball teams are fairly standardized, with 5% annual increases during the length of the deal and an opt-out provision for the team half way through the contract, with Fox having the right of first refusal on any competing offers for the broadcast rights.

FORBES: Baseball Teams May Seek New TV Deals Due To Spike In Rights Fees