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Friday November 24 11:23 AM ET Internet Capital Adopts Shareholders` Rights Plan NEW YORK (Reuters) - Internet Capital Group (NasdaqNM:ICGE - news), a business-to-business and electronic commerce company, said on Friday its board of directors had adopted a shareholder rights plan, triggered when someone tries to buy at least 15 percent of its stock. The company said holders will get a preferred stock purchase right for each common share outstanding at the close of business on Dec. 6. Each right entitles the holder to buy from the company one ten-thousandth of a share of Series A Junior participating preferred stock of Internet Capital Group at an exercise price of $100 per right. Initially, the rights will be attached to the company`s common stock and will not be exercisable. The rights will become exercisable and will separate from the common stock ten calendar days after a person or group acquires, or announces the intent to acquire, beneficial ownership of 15 percent or more of the company`s common stock. The rights will also become exercisable ten business days after the announcement of a tender offer or an exchange offer to acquire 15 percent or more of the outstanding common stock. Internet Capital Group`s shares rose $1-9/32, or 21 percent, to $7-3/8 Friday on Nasdaq, above its year low of $5-10/16 but way below the company`s 52-week high of $212. |
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| aus der Diskussion: | INTERNET CAPITAL GROUP - es geht los ? |
| Autor (Datum des Eintrages): | guuruh (24.11.00 17:46:26) |
| Beitrag: | 56 von 17,989 (ID:2414284) |
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