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Article: Garden Fresh Restaurant Adopts Stockholder Rights Plan.
- Article from:
- PR Newswire
- Article date:
- February 22, 2001
CopyrightCOPYRIGHT 2001 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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SAN DIEGO, Feb. 22 /PRNewswire/ --
Garden Fresh Restaurant Corp. (Nasdaq: LTUS) announced today that its Board of Directors has adopted a Preferred Stock Purchase Rights Plan.
The Plan is designed to enable all Garden Fresh Restaurant Corp. ("Garden Fresh") stockholders to realize the full value of their investments and to provide for fair and equal treatment for all Garden Fresh stockholders in the event that an unsolicited attempt is made to acquire Garden Fresh. The distribution of the Rights is not in response to any proposal to acquire Garden Fresh. The Board is not aware of any such action.
To implement the Plan, the Board of Directors ...