A flat prohibition on
unfriendly takeovers has a kind of appeal.
However, the Service has announced that it will apply the INDOPCO decision to both friendly and
unfriendly takeovers.
Technology companies are no longer immune to
unfriendly takeover attempts during downturns in their stock price.
President Kerry Sully stated, "We consider Crestar's offer to be an
unfriendly takeover bid an we will take all steps necessary to protect our shareholders.
Zucaro, the chairman of the board and chief executive officer of Old Republic, said, "The amended rights plan, like the original plan, is designed to enhance the company's bargaining position on behalf of its shareholders in the event that an
unfriendly takeover were to emerge in the future.
00 per share at the time of an
unfriendly takeover, each Right would then be exercisable at $15.
This rights agreement is intended to protect our shareholders should AVECOR become the target of hostile or
unfriendly takeover tactics," said Anthony Badolato, chief executive officer.
This rights agreement is intended to protect our shareholders should Bio-Vascular become the target of hostile or
unfriendly takeover tactics," said John T.
This Rights Plan is intended to protect our shareholders should Angeion become the target of hostile or
unfriendly takeover tactics," said Whitney A.
Boone Pickens from an
unfriendly takeover of Boeing.
The Company is unaware of any action suggesting an
unfriendly takeover.
Stressing the need for strength in unity, Kourpias warned them that, "In this turbulent industry, employees must arm themselves to prepare for an
unfriendly takeover, or the need to initiate an employee buyout.
