Stronger pill at Iris.In a year when large local companies such as Amgen and Hilton Hotels
The poison pill is a defensive strategy used against corporate takeovers. , Iris International Inc., a small Chatsworth-based medical device company, is strengthening its dose. The board of the automated urinalysis urinalysis (y r'ənăl`ĭsĭs), clinical examination of urine for the purpose of medical diagnosis. equipment maker amended its
stockholders' rights agreement to strengthen the company's
anti-takeover provisions. It drastically raises the cost of purchasing
large blocks of stock when someone attempts to purchase 20 percent or
more of outstanding shares without board approval. Iris, whose-stock
took a hit earlier this year on lackluster lack·lus·ter adj. Lacking brightness, luster, or vitality; dull. See Synonyms at dull. Adj. 1. lackluster - lacking brilliance or vitality; "a dull lackluster life"; "a lusterless performance" earnings and delay in signing contracts, has been on the rise since announcement of a major new customer in September. |
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r'ənăl`ĭsĭs)
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