This is the reason for the ramp up ....
Integrated Device Tech Extends Shareholder Rights Plan (IDTI)
Newstraders - December 23, 1998 15:47
(NewsTraders.com)-- Integrated Device Technology Inc. (IDTI) extended its shareholder rights plan, effective December 21, according to a Form 8-K filing.
The company's previous rights plan, which had a ten-year term, expired December 20.
As a result of the new rights plan, commonly referred to as a "poison pill" due to their anti-takeover properties, the company declared a dividend of one preferred
share purchase right for each share of common stock outstanding on Jan. 4, 1999.
Each right entitles the holder to purchase one one-hundredth of a share of Series A junior participating preferred stock at a price of $45 per one one-hundredth of a
preferred share.
Based in Santa Clara, Calif., Integrated Device designs, develops, manufactures and markets high performance semiconductor products and modules.
Copyright 1998 NewsTraders Inc. All Rights Reserved Wednesday, December 23, 1998
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