Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (3207)	12/18/2012 8:42:51 AM
From: richardred	Read Replies (1) \| Respond to of 7242

Just maybe Xyratex starting to feel a little threatened by the latest 13d holder. Xyratex Declares $2/Shr Special Div; Sets Holder Rights Plan Xyratex, a provider of data storage technology, announced after the close Monday that its board has declared a special one-time $2 a share cash dividend, payable December 31 to holders of record December 27. The company also said that on the same scheduled it will pay a regular quarterly dividend of 7.5 cents a share; that’s a month ahead of what would have been the usual schedule. The total payout from the special div is about $58 million. Xyratex also announced a new shareholder rights plan, issuing one preferred share purchase right for each share outstanding. The rights will be exercisable if any person or group acquired 15% or more of the company’s shares, or tenders for 15% or more of the stock. In late trading Monday, XRTX rallied 68 cents, or 6.8%, to $10.65. forbes.com