Article: Betz Laboratories Inc. adopts shareholder rights plan.

BETZ LABORATORIES INC. ADOPTS SHAREHOLDER RIGHTS PLAN

TREVOSE, Pa., Sept. 8 /PRNewswire/ -- Betz Laboratories Inc. (NASDAQ: BETZ) announced today that its board of directors has declared a dividend of common share purchase rights as part of a shareholder rights plan.

The plan is designed to insure that all Betz Laboratories shareholders receive fair value for their shares in the event of any proposed takeover of Betz Laboratories and to guard against the use of partial tender offers or other coercive tactics to gain control of the company without offering fair value to the company's shareholders.

John F. McCaughan, chairman of Betz ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!