Each right entitles shareholders to buy one-half share of common for $30. Earlier this month, a group led by three of the company's directors, Burt Sugarman, James M. Trotter III and Willam E. Trotter II, indicated it had a 45.2 % stake in the Louisville, Ky., fast-food company and that it planned to (seek) a majority of seats on Rally's nine-member board.  
 Verb: seek
Yes