- More U.S. companies are rushing to adopt so-called poison pills, dusting off a nearly 40-year-old takeover defense tool to ward off hostile bidders and activist shareholders eager to exploit the coronavirus-induced market sell-off.
The S&P 500 Index has lost about a quarter of its value in the last month, as large swathes of the U.S. economy shut down and people stay at home to prevent the spread of the virus. This has made the shares of many companies cheaper and more vulnerable to approaches by corporate rivals and hedge funds.
Poison pills prevent other companies and investors from amassing ownership stakes above a certain threshold, by authorizing the targeted company to sell new stock to its shareholders at a discount. Pioneered by corporate lawyer Martin Lipton in the early 1980s, their use can make amassing a stake in a company much more expensive.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks climb further the day after their mighty surgeStocks had soared Tuesday on expectations that Congress and the White House were near a $2-trillion deal to aid the coronavirus-stricken economy. Did you read your own headline?
Source: latimes - 🏆 11. / 82 Read more »
U.S. companies, labs rush to produce blood test for coronavirus immunitySeveral academic laboratories and medical companies are rushing to produce these blood tests, which can quickly identify disease-fighting antibodies in people who already have been infected but may have had mild symptoms or none at all. This is different from the current, sometimes hard-to-come-by diagnostic
Source: YahooNews - 🏆 380. / 59 Read more »
U.S. companies, labs rush to produce blood test for coronavirus immunityAs the United States works overtime to screen thousands for the novel coronaviru... 'proceed to market without full agency review and approval'—Sounds like Trump's idea of a work-screening test, complete with plenty of false positives for the antibodies and more divisive elements for political advantage: 'Trump's immunity test got me my job back!' blare the ads. LATIN CURSE' WILL FALL ON TRUMP AND THE 'REPUBLICANS' FOR ILL-TREATMENT OF CHILDREN, YOUNG PEOPLE, AND ADULTS, 'LATIN IMMIGRANTS' FOR 'THEFT', 'SANCTIONS', 'BLOCKAGES', TO CUBA AND VENEZUELA, EVIDENTLY WIN OF SANDMARK , RETWITEAR Return to work where.. when EarthIsOnLockdown
Source: Reuters - 🏆 2. / 97 Read more »