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Hologic board OKs poison pill to thwart takeovers

Boston.com

Bedford-based Hologic Inc. said its board of directors has unanimously adopted a one-year shareholder rights plan to dissuade takeovers, as affiliates of activist investor Carl Icahn build an ownership stake in the medical device maker. The company said Thursday that under the plan, shareholders as of Dec. 2 will receive a right for each share they own to buy additional shares. The rights will be exercisable if a person or group acquires 10 percent or more of the company’s stock.,,

Mentions: Poison Pill Shareholders