Ciscom Corp. (TSE:CISC) has released an update.
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Ciscom Corp. has launched a shareholder rights plan to ensure fair treatment during take-over bids and protect against unsanctioned share accumulations. The plan issues rights to buy additional shares at a nominal price upon a Triggering Event, which is an unsanctioned attempt to acquire a substantial company stake. This plan will require shareholder ratification within six months to remain effective.
For further insights into TSE:CISC stock, check out TipRanks’ Stock Analysis page.
