Poison Pill and other anti-takeover strategies

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

goFWR

Rank: Treasurer [?]

Points: 523 [?]

Votes: 47 Score: 2.6 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Poison Pill and other anti-takeover strategies

posted on Jun 30, 2010 06:28PM

Worried about a future takeover, Maple Leaf Foods is trying to implement a shareholder's rights program:

"If triggered, the plan would entitle a rights holder, other than the acquiring person and related persons, to purchase voting common shares or non-voting common shares at a 50 per cent discount to the market price at the time"

Some people on this forum suggest that NOT is trying to "Fly under the radar to avoid becoming a takeover target by not releasing news". The approach that Maple Leaf is taking seems to genuinley protect minority shareholders against a takeover.... I'm not sure that is really what NOT wants

http://ca.news.finance.yahoo.com/s/30062010/2/biz-finance-teachers-won-t-swallow-maple-leaf-s-poison.html

3 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply