Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Tokos

This article was originally published in The Gray Sheet

Executive Summary

Board of directors declares a dividend distribution of one common stock purchase right for each outstanding share of Tokos common stock. The rights, which the firm will issue on April 19, may be exercised if any person or group acquires or announces a tender offer for at least 20% of Tokos stock. Each right entitles the bearer to purchase newly issued shares that are worth twice the right's exercise price, which is $30. The board may redeem the rights for one cent each at any time before the tenth day following an entity's acquisition of 20% or more of the common stock. Tokos says that the rights, which expire in 10 years, "are not being distributed in response to any specific effort to acquire control of the company".
Advertisement
Advertisement
UsernamePublicRestriction

Register

MT000423

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel