Quantum Adopts Anti-Takeover ‘Poison Pill’
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ORANGE — Quantum Health Resources Inc. said Thursday it had adopted a “poison pill” to avert hostile takeovers.
Shareholders will be issued a right to buy one-hundredth of a share of a new preferred stock for each share of common stock the shareholder owns at a price of $100.
The rights are exercisable if a hostile suitor announced a tender offer or acquires 15% or more of the common stock.
Quantum is a leading national provider of health care to people with chronic diseases.
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