Harvard Bioscience Furthers Shareholder Rights
The plan is in response to a takeover offer last year from Skystone Advisors (see IBO 12/15/07).
Holliston, MA 2/6/08—Harvard Bioscience announced that it has adopted a shareholders rights plan designed to protect the company in the case of a hostile takeover bid. Each stock holder will recive one preferred stock purchase right per share, which will become exercisable in the event of one person’s purchase of, or tender offer for, 20% or more of the company’s common stock.
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