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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Travis_Bickle who wrote (71059)1/30/2007 7:14:26 PM
From: patron_anejo_por_favorRespond to of 306849
 
You'll love this tidbit: WCI adopts poison pill:

yahoo.reuters.com

NEW YORK, Jan 30 (Reuters) - Home builder WCI Communities Inc. (WCI.N: Quote, Profile , Research) said on Tuesday it has adopted a shareholder rights plan, commonly called a "poison pill," that would cause "significant dilution" of holdings of any hostile acquirer of the company.

The move comes two weeks after billionaire investor Carl Icahn said he had acquired a 14.6 percent stake in WCI and said he wants to engage the company in discussions on "how to unlock the inherent value of the shares."

WCI said its plan would be triggered if any person or group acquired 15 percent or more of the stock and will be in effect until Feb. 9, 2007.


Sounds like this one was designed specifically to RealMan Arizona Charlie, AKA "Carl Icahn".....<G>