Business & Finance

Pharma company adopts stockholder rights plan

Published in Drug Week, February 11th, 2005

POZEN Inc. (NASDAQ: POZN) announced that its board of directors has approved the adoption of a stockholder rights plan under which all stockholders of record will receive rights to purchase a fraction of a share of a new series of preferred stock.

Under the terms of the rights plan, stockholders will receive one preferred share purchase right (a right) for each share of common stock of POZEN that they beneficially own, distributable as a non taxable dividend.

The rights are designed to enable all POZEN stockholders to realize the full long-term value of their investment and to provide for fair and equal treatment for all stockholders in the event...

Want to see the full article?

Purchase this article for only $3.00

We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.

Welcome to NewsRx!

Learn more about a six-week, no-risk free trial of Drug Week

Source: Drug Week (2005-02-11)

NewsRx is Social

Top Medical Newsletters

Awards

Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005

Facts & Stats

NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.

Google 2010 PageRank: #2 Among Top Health News and Media Publications
Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry