LookSmart looks smart, as far as shareholder governance goes(0)
Back in November the board of LookSmart, the San Francisco supplier of online advertising software, enacted an anti-takeover device known in governance parlance as a shareholder rights plan, more commonly called a “poison pill,” designed to be swallowed in the event of a hostile takeover bid.
Under the plan, current shareholders were given options to buy Read the rest of this entry »
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