CINCINNATI -- Greeting-card manufacturer Gibson Greetings has adopted a poison-pill plan to prevent a hostile takeover.The reason, according to the local press, was a weak stock price and a major shareholder who has acquired more than a 6% stake in the company. dopted as a sort of preventative measure. "The plan was not adopted because of any current effort to acquire Gibson," the company said in a statement. The manufacturer's stock price has diminished to less than $4 a share from about ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.