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Stronger pill at Iris.


In a year when large local companies such as Amgen and Hilton Hotels
For the company involved in the buy out please see Hilton Hotels Corporation. This hotel chain is not the company being acquired.
The Hilton brand was re-united internationally after more than 40 years in February 2006, when United States-based Hilton
 Corp. have chucked their poison pills A defensive strategy based on issuing special stock that is used to deter aggressors in corporate takeover attempts.

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 (yr'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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Title Annotation:HEALTH CARE & BIOTECH; Amgen and Hilton Hotels Corp. have chucked their poison pills
Author:Crowe, Deborah
Publication:Los Angeles Business Journal
Article Type:Brief article
Date:Oct 23, 2006
Words:107
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