RCM Technologies amends rights plan with 'qualified offer' provision

theflyonthewall.com

RCM Technologies announced that its Board of Directors has approved an amendment to its previously adopted Rights Plan to add a qualified offer / stockholder redemption provision. The qualified offer provision is intended to ensure that the Rights Plan does not discourage prospective acquirors from making offers to acquire RCM that may be in the best interests of stockholders, the company said.

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