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Intertain takes defensive position against takeover with rights plan

24th September 2015 8:16 am GMT

With M&A activity dominating the headlines in the gaming industry, Toronto-listed operator Intertain Group has adopted a defensive position through a so called "poison pill".

The company's board of directors voted this week in favour of adopting a shareholder rights plan, also known as a poison pill, in order to protect the business against takeover.

The plan has an effective date of September 22nd, 2015, but must be ratified by the company's shareholders at a meeting which [...]

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