Financings in Brief: Novoste
This article was originally published in The Gray Sheet
Executive Summary
Novoste: Shareholder rights plan will confer preferred share purchase right for each outstanding share of common stock, with a distribution to shareholders of record Nov. 25. "The rights become exercisable only after an entity acquires beneficial ownership of 15% or more of the outstanding common stock of Novoste or commences a tender offer that will result in the entity beneficially owning 15% or more" of the company...