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Financings in Brief: OrthoLogic

This article was originally published in The Gray Sheet

Executive Summary

OrthoLogic: Adopts shareholder rights plan under which one preferred stock purchase right is payable March 12 for each outstanding common stock share. Each right entitles the holder to purchase 1/100 of a share of Series A preferred stock for $25. The rights are exercisable in the event a person or group acquires 15% or more of the firm's stock or commences a tender offer for 20% or more of the firm. The rights expire on March 11, 2007...
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