ALLIANCE FOREST PRODUCTS INC. - ANNOUNCES CHANGES TO ITS SHAREHOLDER RIGHTS PLAN.MONTREAL, QUEBEC--(BUSINESS WIRE)--APRIL 21, 1995--ALLIANCE FOR. PROD prod a prod to make animals move or move faster. Ranges from a pointed stick to an electric instrument. The electrically powered units may be battery-powered or operate off mains power, most suited to use in a fixed location such as an abattoir, or a portable model with a small .INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. (ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : ALP (language) ALP - A list processing extension of Mercury Autocode. ["ALP, An Autocode List-Processing Language", D.C. Cooper et al, Computer J 5:28-31, 1962]. ) Alliance Forest Products Inc. ("Alliance") announced today that its Board of Directors has amended its Shareholder Rights Plan in response to suggestions received recently from shareholders and their representatives. With these modifications the plan will be consistent with others rights plans adopted recently. Alliance's modifications would permit all partial bids under the rights plan provided a minimum of 50% of shares held by independent shareholders are deposited in favour of the bid. Changes also include the requirement for shareholder approval before redemption of the rights under the plan and, in certain circumstances, the waiving of the plan. A number of other changes are also being made to respond to the concerns expressed by shareholders. The original intent of the adoption of the plan has not changed. The plan has been designed, among other things, to give the Board sufficient time to evaluate any take-over bid and, if deemed advisable, to seek other offers in order to maximize shareholder value. The proposed modifications are subject to the approval of regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities : details will be filed shortly with the Montreal and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and securities commissions. The plan will be voted on by the shareholders at the annual and special meeting to be held on April 26, 1995. Alliance is an integrated forest products producer which, in addition to harvesting timer and engaging in forest management, produces and sells newsprint, uncoated groundwood papers and lumber. Its common shares are listed on the Montreal and Toronto Stock Exchanges. CONTACT: Alliance Forest Products Inc. Dino Fuoco, 514/854-2118 |
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