2020 Poison Pill Recap And Current Trends
By EsqSocial Corporation 25/02/21
The number of stockholder rights plans (also known as “poison pills”) adopted in 2020 significantly increased compared to prior years. The collapse in public company equity values during the inception of the COVID-19 pandemic made public companies more vulnerable to opportunistic acquisition and activist strategies. In response, many companies chose to implement rights plans as defensive measures, and many more boards did the work to prepare a plan so they could implement it quickly if needed...
By: Morrison & Foerster LLP