BNS Co. Amends Shareholder Rights Plan.Business Editors NORTH KINGSTOWN North Kingstown (kĭng`stən, kĭngz`toun'), town (1990 pop. 23,786), Washington co., S central R.I., on Narragansett Bay; inc. as Kings Towne 1674, divided into North Kingstown and South Kingstown 1723. , R.I.--(BUSINESS WIRE)--Oct. 11, 2002 BNS Noun 1. BNS - a bachelor's degree in naval science Bachelor of Naval Science bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies Co. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BNSXA) announced that the Board of Directors authorized an amendment to the Company's Rights Plan to increase the threshold from 20% to 45% as to the amount of the Company's outstanding common stock that a person must beneficially own before being deemed to be an Acquiring Person under the Rights Plan and to reduce the Purchase Price for each one-hundredth share of Series B Participating Preferred Stock Participating Preferred Stock A type of preferred stock that, under certain conditions, gives holders the right to receive earnings payouts over and above the specified dividend rate. under the Rights Plan from $40.00 per share to $12.00 per share. |
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