Pomeroy Computer Resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Pomeroy Computer Resources

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Christopher Brainard who wrote (148)	3/3/1998 10:33:00 AM
From: mark bailey	Read Replies (2) of 181

Looks like PMRY is adopting a poison pill. Interesting-anyone have any comments? I'm not sure what to make of it except the Board must think the stock price is too low, making them vulnerable. Mark Monday March 2, 6:30 pm Eastern Time Pomeroy adopts shareholder rights plan HEBRON, Ky., March 2 (Reuters) - Pomeroy Computer Resources, a full-service computer integration company, said Monday it adopted a shareholder rights plan. The plan, which kicks in when somebody acquires 15 percent of the company's oustanding stock, makes the company's stock prohibitively expensive for the potential acquirer. ''The plan was adopted in accordance with Pomeroy's goal of building long-term value for its public stockholders and not in response to any perceived or known takeover attempt,'' Pomeroy said in a statement. ''The company is not aware of any effort being contemplated to acquire control of the company.'' The company's stock closed up 1/2 to 24 on Nasdaq in Monday's regular trading session.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next