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Article: WINDMERE CORPORATION ADOPTS COMMON STOCK PURCHASE RIGHTS PLAN
- Article from:
- PR Newswire
- Article date:
- March 6, 1995
CopyrightCOPYRIGHT 1995 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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MIAMI LAKES, Fla., March 6 /PRNewswire/ -- The Board of Directors of Windmere Corporation (NYSE: WND) has adopted a Common Stock Purchase Rights Plan. David M. Friedson, President and Chief Executive Officer, stated that, "The Plan is designed to provide Windmere's Board with negotiating leverage in dealing with a potential acquiror, to guard against unfair or coercive takeover tactics and to prevent an acquiror from gaining control of Windmere without offering a fair price to all shareholders. The Plan is not intended to prevent a takeover on terms beneficial to Windmere's shareholders, but is designed to assure that all of Windmere's shareholders receive fair treatment ...