Skye adopting rights plan to ward off hostile takeover

Dec 19, 2006 | 05:15 AM | Meghann McDonell

Skye Resources Inc., Vancouver, British Columbia, is making a move to ward off hostile bidders through the adoption of a shareholder rights plan, the nickel company said Monday.

The rights plan, which will be effective Thursday, will work to protect the interests of shareholders should the company be acquired, Skye said.....

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