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To: David M. who wrote (364)	7/17/1997 10:29:00 AM
From: Henry	of 383

Hi David, Can you tell me what the folowing news means for INSO? I am interested in buying some INSO. Thanks. INSO Corp adopts rights plan BOSTON, July 11 (Reuter) - INSO Corp said Friday that its board had adopted a shareholder rights plan that distributes preferred stock purchase rights July 24 as a dividend, providing one right for each share of the company's common stock outstanding. The plan would to take effect if someone acquires 20 percent or more of the company's common stock or announces a tender attempting to own 30 percent or more of INSO's common stock. The commpany said the plan is to prevent coercive or unfair takeover tactics. Each right allows shareholders to buy one one-thousandth of a share of a new series of junior participating preferred stock of the Company at an exercise price of $145. The company said it will be entitled, subject to certain board approval, to redeem the rights at $0.01 per right at any time until the tenth business day following public announcement that a 20 percent stock position has been acquired. It said the Rights will expire July 24, 2007 unless earlier redeemed or exchanged.

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