Amadeusz Juskowiak

Albertsons abs adopts stockholder rights plan

Albertsons Inc said its board has adopted a stockholder rights plan intended to protect them in the event of any proposed takeover of the company

Under the plan stockholders will receive a dividend distribution of one right for each share of common stock held on March 23

The rights are exercisable ten days after a person or group acquires 20 pct or more of Alberstons common stock or announces a tender offer for 30 pct or more of the stock

Each right will entitle the shareholder to buy one newly issued share of Alberstons common stock for 15000 dlrs