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Claremont Technology Group Announces Adoption of Shareholder Rights Plan.
Business Wire
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February 9, 1998
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COPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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BEAVERTON, Ore.--(BUSINESS WIRE)--Feb. 9, 1998--Claremont Technology Group, Inc. (NASDAQ:CLMT), announced today that its Board of Directors has adopted a Shareholder Rights Plan designed to ensure fair and equal treatment for all shareholders in connection with any take-over bid.
The Shareholder Rights Plan will provide shareholders with more time to fully consider any unsolicited offer and will allow the Board of Directors to pursue other alternatives, if appropriate, to maximize shareholder value.
Jerry Stone, Chairman of Claremont, said, "With ...
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