Cracker Barrel Old Country Store adopts shareholder rights plan with 20% threshold and qualifying offer exception
The Board of Directors of Cracker Barrel Old Country Store yesterday adopted a shareholder rights plan with a 20% triggering threshold and a qualifying offer exception and declared a dividend distribution of one preferred share purchase right on each outstanding share of Cracker Barrel common stock.
Georgia Gulf Corp. said Monday that it has adopted a shareholder rights plan following its rejection of Westlake Chemical Corp.'s $30.00 per share takeover offer as financially inadequate and not in the best interest of Georgia Gulf shareholders.