Remember the scene in the movie "M*A*S*H*" when Painless the dentist decides to commit suicide by downing the poisonous "Black Capsule?" Following a Last Supper-style scene with his cronies and some tender nursing care, however, Painless comes back to life. Well, that's sort of what what Harvard...
THOUSAND OAKS, Calif. -- Amgen (NASDAQ:AMGN) announced today that the company's board of directors has voted unanimously to terminate the company's stockholder rights plan, commonly referred to as a "poison pill." Originally scheduled to expire on December 12, 2010, the plan has been amended to accelerate the expiration date to...
NORTH READING, Mass. -- Teradyne, Inc. (NYSE:TER) announced today that its Board of Directors has voted to amend the company's Shareholders Rights (i.e. "Poison Pill") Agreement to accelerate the expiration of the Rights Plan from November 27, 2010 to February 8, 2007, at which time the Rights Plan will terminate.
Byline: Barry B. Burr Why does PeopleSoft Inc. make its poison pill so hard to find? If its board perceives the anti-takeover device as being in the interest of shareholders, why don't the directors and management trumpet it? Certainly, the boar ...
BEVERLY HILLS, Calif. -- Shareholders of Hilton Hotels (NYSE:HLT) have overwhelmingly approved a precedent-setting, binding by-law amendment to redeem the company's poison pill and require any future pills to obtain shareholder prior approval, according to UNITE HERE, the proponent of the resolution.
The directors of software giant CA Inc. unanimously adopted a poison pill provision, the company announced Monday in a sign that the company believes it's a hostile takeover target.
Byline: Terry Kosdrosky Lear Corp. shareholders last week took a small step in giving themselves more voting rights on poison pills. Shareholders present at the automotive supplier's annual meeting voted 70 percent in favor of a resolution to be Byline: Terry...
HOFFMAN ESTATES, Ill. -- Career Education Corporation (Nasdaq:CECO) today announced that its Board of Directors has approved the accelerated termination of the Shareholder Rights Plan, commonly referred to as a "poison pill," along with other directives to further enhance the company's corporate governance profile. The Board's actions follow a lengthy...
Jan. 25--TRW shareholders didn't want to swallow a so-called poison pill policy that made it costly for unwelcome suitors to buy the company out. Jan. 25--TRW shareholders didn't want to swallow a so-called poison pill policy that made it costly for unwelcome suitors to...
The Senate turned away amendment after amendment last week to the bankruptcy reform bill-including a so-called poison pill amendment that killed the bill in each of the last two congresses-and voted to pass the credit union-backed measure for a fourth st The Senate turned away amendment after amendment last week...
Santa Clara, Calif.-Applied Materials Inc. is vigorously opposing an amendment to its corporate bylaws that would require shareholder approval for any changes in its shareholder rights plan, especially pertaining to the "poison pill" defense incorporated in the rights plan. The proposal, put forward by an institutional investor, is scheduled to...
By Mike Farrell New York-- News Corp. chairman Rupert Murdoch appeared to thumb his nose at reports that the media giant was close to a deal to buy back the 19% voting stake in the company from Liberty Media, adding that with...
May 24--PLANO, Texas--Electronic Data Systems shareholders approved a proposal yesterday that prevents the company from using a poison pill as an anti-takeover device without a shareholder vote. May 24--PLANO, Texas--Electronic Data Systems shareholders approved a proposal yesterday that prevents the company from using a...
