Financings in Brief: Lifecore Biomedical
This article was originally published in The Gray Sheet
Executive Summary
Lifecore Biomedical: Firm's board of directors adopts shareholder rights plan, intended to "ensure that all of the company's shareholders receive fair and equal treatment in the event of any proposal to acquire the company." Distribution of rights, which become exercisable "following the acquisition by a person or group, without the prior consent of the Lifecore Board, of 15 percent or more of the company's voting stock, or following the announcement of a tender offer or exchange offer to acquire an interest of 15 percent or more"...