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Article: QUALCOMM Incorporated Extends Stockholders Rights Agreement.
- Article from:
- PR Newswire
- Article date:
- September 27, 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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SAN DIEGO, Sept. 27 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated , a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced that its Board of Directors has amended its Stockholder Rights Agreement to extend it through September 25, 2015. In addition, the Board adjusted the exercise price of the Stockholder Rights, added a requirement that a committee of independent directors annually evaluate the Rights Agreement (a so-called "Independent Director Evaluation" provision) and made certain other technical changes.
QUALCOMM's Board and Governance Committee are committed to best practices ...