Corel - Investors with no Humor Message Board

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Technology Stocks : Corel - Investors with no Humor

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To: A. Reader who wrote (922)	2/12/1999 8:49:00 AM
From: A. Reader	Read Replies (1) of 1094

Corel eyes poison pill COREL Corp. spent a second day yesterday fending off strong rumours that the company is making plans to fight off an upcoming hostile takeover bid. The rumours were fanned by a board of directors' meeting held yesterday to pass a poison pill, or shareholders rights, plan that can be used as a defence against any unwanted bid. Corel spokesperson Nicole Sanford said it was "absolutely pure coincidence" that the plan was discussed at a time when rumours are spreading through the investment community that the company is preparing to fight a hostile bid... canoe.com

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