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Article: El Paso Corporation adopts new policy on poison pills.
- Article from:
- M2 Presswire
- Article date:
- December 6, 2004
CopyrightCOPYRIGHT 2004 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-6 December 2004-El Paso Corporation: El Paso Corporation adopts new policy on poison pills(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:12032004
HOUSTON, TEXAS, - The Board of Directors of El Paso Corporation (NYSE:EP), based upon a recommendation from its Governance Committee (a committee comprised of independent directors), adopted a policy today on poison pills, or stockholder rights plans, and has amended its Governance Guidelines to include the following policy:
Policy on Poison Pill Plans
The company does not currently have in place any stockholders rights plan (also known as a "poison pill"), and the Board currently has ...