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Article: VendTek adopts shareholder rights plan.
- Article from:
- Science Letter
- Article date:
- December 9, 2008
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VendTek Systems Inc. (TSX-V: VSI) ("VendTek" or the "Company") announced that its board of directors (the "Board") has adopted, subject to the TSX Venture Exchange acceptance, a shareholder rights plan (the "Plan") (see also VendTek Systems Inc.).
The Plan is designed to provide adequate time for VendTek's shareholders and its Board to consider and evaluate any unsolicited take-over bid for the Company, to provide the Board adequate time to identify, develop and negotiate alternatives for maximizing shareholder value, to provide shareholders with an equal opportunity to participate in any take-over bid, to encourage the fair treatment of shareholders in the ...
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