Mediabistro adopts shareholder rights plan, cites unusual trading activity

theflyonthewall.com

Mediabistro announced that, in response to recent unusual trading activity in its stock, its board has approved the adoption of a stockholder rights plan under which stockholders of record on July 15, will receive rights to purchase shares of a new series of preferred stock in certain circumstances. The rights plan is intended to protect the company and its stockholders from efforts to obtain control of the company that are inconsistent with the best interests of the company and its stockholders.

Rates

View Comments (0)