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Article: Garden Ridge Corporation Adopts Stockholder Rights Plan
- Article from:
- PR Newswire
- Article date:
- June 10, 1997
CopyrightCOPYRIGHT 1997 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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HOUSTON, June 10 /PRNewswire/ -- Garden Ridge Corporation (Nasdaq: GRDG) today announced that its Board of Directors has adopted a stockholder rights plan.
The newly adopted stockholder rights plan is designed to protect the stockholders against efforts to acquire the company for less than its full value. The plan does not prevent a takeover, nor has it been adopted in response to any specific effort to acquire control of the company.
"This plan is an important tool to enable stockholders to realize the long-term value of their investments and to enable the Board of Directors to serve the interests of all stockholders," said Armand Shapiro, ...