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Article: Nabisco Group Holdings Corp. Adopts Stockholder Rights Plan.
- Article from:
- Business Wire
- Article date:
- March 13, 2000
CopyrightCOPYRIGHT 2000 Business Wire. 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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Business Editors
PARSIPPANY, N.J.--(BUSINESS WIRE)--March 13, 2000
Nabisco Group Holdings Corp. (NYSE: NGH) announced today that its Board of Directors adopted a Stockholder Rights Plan designed to enhance the Board's ability to protect stockholders against, among other things, unsolicited attempts to acquire control of Nabisco Group Holdings that do not offer an adequate price to all stockholders or are otherwise not in the best interests of Nabisco Group Holdings and its stockholders.
Under the Plan, each common stockholder at the close of business on March 20, 2000 will receive a dividend of one right for each share of Common Stock held. ...