a measure taken by a company to avoid a hostile takeover, for example, the purchase of a business interest that will make the company unattractive to the potential buyer
Is the poison pill making a comeback? A recent item in the New York Post concerning none other than Michael Milken says it is. If you never realized that the poison pill had receded, you are excused, because I was unaware as well. Besides,...
Michael Milken Taking Another Nibble at the Poison Pill?RE: Michael Milken Taking Another Nibble at the Poison Pill?In this world of terrorism, this is a must. There is a good market, if handled clandestine. Where else?In financial terms of it is a term for some practice that will stop a...
The directors of software giant CA Inc. unanimously adopted a poison pill provision, the company announced Monday in a sign that the company believes it's a hostile takeover target.
Byline: Barry B. Burr Why does PeopleSoft Inc. make its poison pill so hard to find? If its board perceives the anti-takeover device as being in the interest of shareholders, why don't the directors and management trumpet it? Certainly, the boar ...
NORTH READING, Mass. -- Teradyne, Inc. (NYSE:TER) announced today that its Board of Directors has voted to amend the company's Shareholders Rights (i.e. "Poison Pill") Agreement to accelerate the expiration of the Rights Plan from November 27, 2010 to February 8, 2007, at which time the Rights Plan will terminate.
BEVERLY HILLS, Calif. -- Shareholders of Hilton Hotels (NYSE:HLT) have overwhelmingly approved a precedent-setting, binding by-law amendment to redeem the company's poison pill and require any future pills to obtain shareholder prior approval, according to UNITE HERE, the proponent of the resolution.
May 24--PLANO, Texas--Electronic Data Systems shareholders approved a proposal yesterday that prevents the company from using a poison pill as an anti-takeover device without a shareholder vote. May 24--PLANO, Texas--Electronic Data Systems shareholders approved a proposal yesterday that prevents the company from using a...
Byline: Keith L. Johnson and Andrew Clearfield A preliminary ruling in a pending shareholder suit contesting News Corp.'s extension of its poison pill already has established a critical Delaware law precedent that upholds the authority of sharehol Byline: Keith L. Johnson and Andrew...
THOUSAND OAKS, Calif. -- Amgen (NASDAQ:AMGN) announced today that the company's board of directors has voted unanimously to terminate the company's stockholder rights plan, commonly referred to as a "poison pill." Originally scheduled to expire on December 12, 2010, the plan has been amended to accelerate the expiration date to...
HOFFMAN ESTATES, Ill. -- Career Education Corporation (Nasdaq:CECO) today announced that its Board of Directors has approved the accelerated termination of the Shareholder Rights Plan, commonly referred to as a "poison pill," along with other directives to further enhance the company's corporate governance profile. The Board's actions follow a lengthy...
Byline: Brent Snavely Shareholders on Thursday approved a proposal at Borders Group Inc.'s annual meeting that requires the board of directors to obtain shareholder approval before it adopts a poison pill that would make a takeover by another comp Byline: Brent Snavely ...
Without the poison pill of ITV Digital, Carlton or Granada could be bought by foreign predatorsWithout the poison pill of ITV Digital, Carlton or Granada could be bought by foreign predators
INTERNATIONAL SPECIALTY Products Inc., led by 76 percent owner and chairman Samuel J. Heyman, has shelved its proposal to eliminate Hercules Inc.'s poison pill takeover defense mechanism, but will focus its efforts on electing four of its directors INTERNATIONAL SPECIALTY Products Inc., led by...
Byline: Terry Kosdrosky Lear Corp. dropped its poison-pill provision as of Dec. 15, seven months after a majority of shareholders voted in favor of a nonbinding resolution to put such a plan to a shareholder vote. Lear's board of directors did n...
Time Warner's 'poison pill' takeover defense, adopted on January 20, prompted one shareholder to file suit on January 25 in Delaware's Chancery Court, charging the Time Warner board of directors with a "knee-jerk reaction" to Seagram & Co.'s most recent purchase of Time Warner stock, bringing its stake to 11.7...
Santa Clara, Calif.-Applied Materials Inc. is vigorously opposing an amendment to its corporate bylaws that would require shareholder approval for any changes in its shareholder rights plan, especially pertaining to the "poison pill" defense incorporated in the rights plan. The proposal, put forward by an institutional investor, is scheduled to...
Jan. 25--TRW shareholders didn't want to swallow a so-called poison pill policy that made it costly for unwelcome suitors to buy the company out. Jan. 25--TRW shareholders didn't want to swallow a so-called poison pill policy that made it costly for unwelcome suitors to...
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