Helen of Troy
This article was originally published in The Rose Sheet
Executive Summary
Adopts shareholder rights plan to "assure...all shareholders receive fair and equal treatment in the event of any proposed takeover of the company and to guard against partial tender offers," the personal care products company's board announced at its quarterly meeting Dec. 1. Gerald Rubin, chairman and CEO of the company, stressed the plan was not to adopted "in response to any unsolicited takeover proposals." Under the poison pill plan, shareholder rights will be distributed as a dividend at the rate of one right per each share of common stock