Clear Channel Outdoor takes steps to prevent a potential takeover amid the pandemic crisis (Billboard Insider)
Insiders Take: A shareholders right plan is also called a poison pill. Shareholder rights plans were devised in the early 1980s as a way to prevent potential takeover bidders from negotiating a price for sale of shares directly with shareholders, and instead forcing the bidder to negotiate with the board. Clear Channel stock is depressed. […]
Thu, May 21, 2020 at 6:54 PM