World Color Press Adopts Poison Pill

MONTREAL—World Color Press has adopted a shareholder rights plan agreement, effective immediately, to encourage the fair treatment of shareholders in any takeover offer for the corporation and to prevent a bidder from acquiring control of World Color in a manner detrimental to shareholders.

The rights plan will provide the board of directors of World Color and its shareholders more time to fully consider any unsolicited takeover bid for the company and allow more time for the board to pursue other alternatives to maximize shareholder value, if appropriate. The rights plan will also prevent an attempt to acquire control of World Color other than by means of an offer made to all shareholders.