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Bullboard - Stock Discussion Forum Viacom Inc. VIAB

Viacom is a global media company with several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount. Viacom has also built several online properties on the strength of these brands. Viacom's Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Godfather and Transformers series. Viacom was spun... see more

NDAQ:VIAB - Post Discussion

Viacom Inc. > RE:Missed the boat...
View:
Post by rainman19 on Aug 05, 2005 7:58am

RE:Missed the boat...

Think of it this way. The company has a rights program in place that allows shareholders the right to pick up shares at a 50% discount in the event of a takeover. In other words if the company is bought out at 8, you have the right to buy shares at 4 setting your purchase price at 6 giving you a 25% gain...
Comment by unplugme on Aug 05, 2005 9:12am
Is this rights program a 1 for 1 share program -no limit? Where can I find info Thks Unplugme
Comment by jdcamps2002 on Aug 05, 2005 11:29am
ADOPTION OF SHAREHOLDER RIGHTS PLAN Virginia Gold Mines Inc. (“Virginia”) announces the adoption of a Shareholder Rights Plan (the “Rights Plan”) to ensure that the Shareholders will receive the fair value of their shares in the event of a takeover bid for the shares of Virginia. The Rights Plan provides to the Directors and Shareholders of Virginia sufficient delays to evaluate any unsolicited ...more  
Comment by PIB04 on Aug 05, 2005 11:53am
Rainman19 wrote: The company has a rights program in place that allows shareholders the right to pick up shares at a 50% discount in the event of a takeover. However, the posted info states: On the occurrence of certain triggering events, including the acquisition by a person or group of persons of 20% or more of the outstanding common shares of the Company pursuant to a transaction that ...more  
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