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Advanced Neuromodulation amends rights offer:

This article was originally published in Clinica

Executive Summary

Dallas, Texas company Advanced Neuromodulation Systems has amended its shareholder rights plan, increasing the exercise price of a right from $30 per share to $200 per share and moving the term of the plan to August 2011, a five-year extension. The company's stock price has risen substantially in the last year, and the company decided to make the changes to protect shareholders from an unfair or coercive takeover bid.

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