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Article: CAMBREX CORPORATION ADOPTS STOCKHOLDER RIGHTS PLAN
- Article from:
- PR Newswire
- Article date:
- May 23, 1996
CopyrightCOPYRIGHT 1996 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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EAST RUTHERFORD, N.J., May 23 /PRNewswire/ -- Cambrex Corporation (AMEX: CBM) announced that, based on advice from its financial and legal advisors, its Board of Directors today voted to adopt a stockholder rights plan. Stockholders of record as of June 10, 1996 will receive one right for each share of Cambrex Common Stock owned on that date.
The rights plan is intended to ensure fair treatment of stockholders in the event of any unsolicited offer that might lead to a takeover of the company. The rights plan provides that after a person or group acquires 15% or more of the company's voting shares, each shareholder ...