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Technology Stocks : Lightbridge (LTBG)
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To: JakeStraw who wrote (78)11/14/1997 7:48:00 PM
From: Elayne Shochet Tatar  Read Replies (1) of 202
 
Look what company did today.



04:40 PM ET 11/14/97

Lightbridge adopts shareholder rights plan

BURLINGTON, Mass., Nov 14 (Reuters) - Lightbridge Inc said
its board of directors today approved a stockholder rights plan
with the intention of ensuring shareholders get fair treatment
if there is a takeover.

Lightbridge's rights plan is designed to provide protection
from a number of tactics that may be used to gain control of
the company without offering a fair price to all stockholders,
the company said in a statement.

Among the tactics she cited are partial or two-tier tender
offers, coercive stock accumulation programs and inadequate
offers.

Lightbridge is not aware of any current effort to acquire
control of the company, the company said.

The rights plan is not effective until a person acquires or
announces a tender offer to acquire 15 percent or more of the
company's common shares, Lightbridge said.
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