U.S. Shoe acts to block takeovers and greenmail.

From: WWD | Date: April 1, 1986 | Copyright information

U.S. Shoe acts to block takeovers and greenmail

U.S. Shoe Corp. said it will split its stock 2-for-1 and has adopted an antitakeover rights plan and an anti-greenmail policy.

The split is payable June 13 to holders of record May 22.

Under the rights plan, U.S. Shoe shareholders would be able to get twice the rights' exercise price in the event of a hostile takeover. The rights will be exercisable if a person or group acquires 20 percent or more of ...

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