Amidst a market-wide sell-off of public equities in the face of coronavirus uncertainty, companies across nearly every industry have witnessed significant declines in stock prices. As the market turbulence shows no signs of abating in the near term, public companies should consider turning to shareholder rights plans (or “poison pills”) to protect against hostile attacks. This memo provides a brief overview of the key considerations in adopting a poison pill – or putting a poison pill on the shelf – in the current environment.
Please click here to read the full alert memorandum.