Informax Adopts Shareholder Rights Plan | GenomeWeb

NEW YORK, June 5 – Bioinformatics company Informax said Tuesday it has adopted a shareholder rights plan designed to stave off an unwanted takeover bid.

The company’s board of directors has declared a dividend that will give shareholders rights to preferred stock. The rights plan has a 15 percent trigger, meaning that the rights can be exercised only if a person or group acquires 15 percent or more of Informax’s common stock.

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