RAWLINGS’ Q2 NET RISES 6 PER CENT, REVOKES ‘POISON PILL.’
April 17, 2000 - VOL 17, NO 16
RAWLINGS’ Q2 NET RISES 6 PER CENT, REVOKES ‘POISON PILL.’
The latter could make it easier for parties to make a bid for the baseball company. Forty-three per cent of shareholders voted to nullify a 1994 rights’ agreement, 16 per cent were against the action and the balance didn’t cast ballots. Shareholder Robert Raiff, a private fund manager in New York, was behind the measure. He has claimed the poison pill has scared potential buyers and investors from the company. Management confirms there are currently "no offers on the table or being considered." The ... Log in to view full article.