Harris Texas Stockholders' Rights Plan of Datascope Corp.

• Category: Corporations - Public - ReIncorporation
• State: Multi-State
• County: Harris
• Control #: US-CC-8-162B
• Format: Word; Rich Text

Description

This sample form, a detailed Stockholders' Rights Plan document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The Harris Texas Stockholders' Rights Plan, also known as a "poison pill" strategy, is a defensive mechanism adopted by Data scope Corp., a company based in Harris County, Texas. This plan aims to protect the interests and rights of stockholders in the event of an unsolicited takeover attempt or any action that could potentially harm stockholder value. The main purpose of the Harris Texas Stockholders' Rights Plan is to deter hostile takeovers and provide additional negotiating leverage to the company's board of directors, thereby allowing them to make informed decisions in the best interest of stockholders. This plan typically grants existing stockholders certain rights, known as "rights certificates," which are designed to dilute the ownership of the acquiring company, making the takeover more expensive and less attractive. Under the Harris Texas Stockholders' Rights Plan, each stockholder is granted one right for every outstanding share held. These rights are separate from the actual stock and become exercisable only in certain triggering events, such as the acquisition of a significant number of shares by a particular entity or group. Once triggered, the rights entitle stockholders to purchase additional shares at a discounted price, effectively diluting the ownership of the acquiring entity. Additionally, the Harris Texas Stockholders' Rights Plan may include provisions that allow the board of directors to exchange the rights for other valuable assets, such as debt securities or preferred stock, providing further protection and benefits to stockholders in the event of a takeover or hostile action. It is worth mentioning that the Harris Texas Stockholders' Rights Plan of Data scope Corp. may have different variations or modifications, depending on the specific needs and circumstances of the company. These variations might include conditions for expiration, amendment procedures, and limitations on who can trigger the rights. In conclusion, the Harris Texas Stockholders' Rights Plan of Data scope Corp. is a defensive strategy aimed at safeguarding the interests of stockholders in the event of an unsolicited takeover or actions that could potentially harm stockholder value. By granting rights certificates to existing stockholders, this plan provides additional leverage to the board of directors, enabling them to protect stockholder rights and make informed decisions in the best interest of the company.

The Harris Texas Stockholders' Rights Plan, also known as a "poison pill" strategy, is a defensive mechanism adopted by Data scope Corp., a company based in Harris County, Texas. This plan aims to protect the interests and rights of stockholders in the event of an unsolicited takeover attempt or any action that could potentially harm stockholder value. The main purpose of the Harris Texas Stockholders' Rights Plan is to deter hostile takeovers and provide additional negotiating leverage to the company's board of directors, thereby allowing them to make informed decisions in the best interest of stockholders. This plan typically grants existing stockholders certain rights, known as "rights certificates," which are designed to dilute the ownership of the acquiring company, making the takeover more expensive and less attractive. Under the Harris Texas Stockholders' Rights Plan, each stockholder is granted one right for every outstanding share held. These rights are separate from the actual stock and become exercisable only in certain triggering events, such as the acquisition of a significant number of shares by a particular entity or group. Once triggered, the rights entitle stockholders to purchase additional shares at a discounted price, effectively diluting the ownership of the acquiring entity. Additionally, the Harris Texas Stockholders' Rights Plan may include provisions that allow the board of directors to exchange the rights for other valuable assets, such as debt securities or preferred stock, providing further protection and benefits to stockholders in the event of a takeover or hostile action. It is worth mentioning that the Harris Texas Stockholders' Rights Plan of Data scope Corp. may have different variations or modifications, depending on the specific needs and circumstances of the company. These variations might include conditions for expiration, amendment procedures, and limitations on who can trigger the rights. In conclusion, the Harris Texas Stockholders' Rights Plan of Data scope Corp. is a defensive strategy aimed at safeguarding the interests of stockholders in the event of an unsolicited takeover or actions that could potentially harm stockholder value. By granting rights certificates to existing stockholders, this plan provides additional leverage to the board of directors, enabling them to protect stockholder rights and make informed decisions in the best interest of the company.