World Color Press Listed on Toronto Exchange, Adopts Rights Plan
One right has been issued with respect to each of the common shares and Class A preferred shares of the Corporation (collectively, the “Shares”) issued and outstanding as of 12:01 a.m. (Eastern Time) on August 20, 2009. These rights will become exercisable only when a person, including any party related to it, acquires or attempts to acquire 20 percent or more of the outstanding common shares or of the outstanding Shares without complying with the “Permitted Bid” provisions of the Rights Plan or without approval of the World Color’s board of directors. Should such an acquisition occur, each right would, upon exercise, entitle a rights holder, other than the acquiring person and related persons, to purchase Shares at a 50 percent discount to the market price at the time.
- Companies:
- Quebecor World