Lipocine Adopts Stockholder Rights Plan

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Go back to Lipocine Adopts Stockholder Rights Plan

Lipocine (LPCN) Adopts 'Poison Pill' Provision

November 13, 2015 4:00 PM EST

Lipocine (NASDAQ: LPCN) announced that on November 12, 2015 its board of directors adopted a stockholder rights plan designed to deter coercive takeover tactics, including the accumulation of shares in the open market or through private transactions and to prevent an acquirer from gaining control of without offering a fair price to all of the its stockholders.

The plan, similar to plans adopted by many other companies, was not adopted in... More