Compare Shareholder Rights Plans $($SRPs$,$ also known as Poison pills$)$ with standard rights offerings used to raise additional equity.

Share rights in a can only be exercised at maturity, unless the rights are explicitly triggered by the issuing firm.

In a investors can sell shares at the exercise price to the firm.

Share rights in a can be sold separately from the stock to other investors.

is not democratic in the sense that not all existing shareholders can participate in the offering.

Each drop down selection has the the same three options, Standard Right Offering, SRP$,$ and Niether. Please choose one of thse options for each dropdown$/$black space. As and answer i would like a complete sentence with the correct missing term in the open spot.