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Message: kinross adopts poison pill

kinross adopts poison pill

posted on Feb 27, 2009 06:01AM

perhaps the hunter doesn't like being hunted himself. tye burt is making his living by acquiring other companies, but it appears he doesn't want the same thing to happen to him. it's probably just an administrative detail, but kinross has adopted a shareholder rights plan.



TORONTO, ONTARIO--(MARKET WIRE)--Feb 27, 2009 -- Kinross Gold Corporation (Toronto:K.TO - News)(NYSE:KGC - News) announced today that it has entered into a new shareholder rights plan dated as of February 26, 2009 (the "New Plan"). The New Plan will ensure that Kinross and its shareholders continue to receive the benefits associated with Kinross' current shareholder rights plan (the "Current Plan") which expires on March 29, 2009. The New Plan has been adopted at this time to prevent any gap in shareholder protection and will be effective on March 29, 2009 or earlier if certain events under the Current Plan were to occur. Subject to the receipt of requisite regulatory approvals, to shareholder ratification at Kinross' annual meeting on May 6, 2009 and to shareholder reconfirmation of the New Plan at Kinross' annual meetings in 2012 and 2015, the New Plan will be in effect until the ninth anniversary of the date on which it becomes effective.

http://biz.yahoo.com/iw/090227/04780...

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Feb 27, 2009 11:35AM
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Feb 27, 2009 02:14PM
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