Advanced Marketing Services, Inc. Announces Adoption of Stockholder Rights Plan.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Advanced Marketing Services, Inc. (Pink Sheets:MKTS MKTS Military Knowledge and Testing Standard ) (the "Company") announced that it has adopted a stockholder rights plan to discourage abusive Tending to deceive; practicing abuse; prone to ill-treat by coarse, insulting words or harmful acts. Using ill treatment; injurious, improper, hurtful, offensive, reproachful. takeover tactics and to provide the Company's Board of Directors with sufficient time to respond appropriately to a takeover attempt Noun 1. takeover attempt - an attempt to take control of a corporation bear hug - a takeover bid so attractive that the directors of the target company must approve it or risk shareholder protest and seek alternative opportunities, if appropriate, to maximize stockholder value. The rights will be issued as a dividend to stockholders of record on August 22, 2005. The plan will expire on August 9, 2008. Under the plan, if an entity acquires more than 15% of the Company's stock, or in the event of a squeeze-out merger, holders of the rights would be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to purchase either the Company's stock or stock in the merged entity at half of market value. The ownership by an entity of more than 15% of the Company's stock as of today's date, however, will not cause the rights to be exercisable provided that the entity does not subsequently acquire additional shares of the Company's stock. The Company will be entitled to redeem the rights for a nominal amount at any time until the tenth day following public announcement that a 15% position has been acquired. Details will be mailed to stockholders. |
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