Nabors Industries Ltd. (NBR) announced today that its Board of Directors has adopted a shareholder rights plan under which shareholders will receive rights to purchase shares of a new series of preferred stock. The rights will expire on July 16, 2013, unless extended or earlier redeemed or exchanged by Nabors pursuant to the terms of the plan. The plan adopted by the Board is designed to ensure the fair and equal treatment of the company's shareholders in connection with any initiative to acquire effective control of the Company.
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