Interpore Cross introduces shareholder rights plan:
This article was originally published in Clinica
Interpore Cross International has declared a dividend distribution of one preferred share purchase right for each outstanding share of common stock, which will be exercisable if a person or group acquires or offers to acquire more than 15% of the company's common stock. The previous shareholder rights plan terminated when Interpore International merged with Cross Medical Products in May (Clinica No 797, p11). Irvine, California-based Interpore Cross has also approved a repurchase programme for up to $4 million of its common stock, which will run until June 1999.