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Article: MOSAID Adopts Shareholder Rights Plan.
- Article from:
- PR Newswire
- Article date:
- July 11, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. 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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OTTAWA, July 11 /PRNewswire-FirstCall/ -- MOSAID Technologies Incorporated (TSX:MSD) today announced that its Board of Directors has adopted a shareholder rights plan (the "Rights Plan").
The objectives of the Rights Plan are to ensure, to the extent possible, that all MOSAID shareholders are treated equally and fairly in connection with any take-over bid for the Corporation. The Rights Plan is intended to discourage discriminatory, coercive or unfair take-over bids and gives MOSAID's Board of Directors time to pursue alternatives to maximize shareholder value in the event of an unsolicited take-over bid.
The Rights Plan was not adopted in response to, ...