FORSTMANN ADOPTS SHAREHOLDER RIGHTS PLAN WITH 25% TRIGGER
NEW YORK — Forstmann & Co., which emerged from Chapter 11 last July, has adopted a shareholder-rights plan — commonly known as a poison pill — that would be triggered once a buyer obtains more than 25 percent of Forstmann’s stock.
The company said the plan was not adopted in response to any effort to gain control of Forstmann.
FORSTMANN ADOPTS SHAREHOLDER RIGHTS PLAN WITH 25 TRIGGER
FORSTMANN ADOPTS SHAREHOLDER RIGHTS PLAN WITH 25% TRIGGER
NEW YORK -- Forstmann & Co., which emerged from Chapter 11 last July, has adopted a shareholder-rights plan -- commonly known as a poison pill -- that...
