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Article: QUALCOMM INCORPORATED ADOPTS PREFERRED SHARE PURCHASE RIGHTS PLAN
- Article from:
- PR Newswire
- Article date:
- September 27, 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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SAN DIEGO, Sept. 27 /PRNewswire/ -- The Board of Directors of QUALCOMM Incorporated (Nasdaq: QCOM) ("QUALCOMM") today adopted a Preferred Share Purchase Rights Plan under which stockholders will receive one Right to purchase one one-hundredth of a share of a new series of Preferred Stock for each outstanding share of QUALCOMM Common Stock of record held at the close of business on October 16th, 1995 (the "Record Date").
The Rights Plan is designed to enable all QUALCOMM stockholders to realize the full value of their investment and to provide for fair and equal treatment for all QUALCOMM stockholders in the event that an unsolicited attempt is made to acquire ...