RE:RE:poison pill While a hostile take-over from Eldorado is negligible, being that their more or less both working as a team. Other than ICG deciding to go it alone (very unlikely), terms of a friendly merger, or acquisition is likely to be worked out between them.
And if what was worked out between them was a complete take-out of Integra Gold, with managements approval, then the approval of the two thirds of ICG shareholders needed for the acquisition would probably occur.
In the case of an low-ball hostile take-over from another producer, this is were a shareholders rights plan could help, allowing management the extra time that it brings, to go out and negotiate a more attractive offer with other interested producers, to bring in a white knight, as did Osisko when Goldcorp low-balled them with only offering a 30% increase in share price, and Osisko then bringing in Agnico & Yamana.
In the end, if a hostile take-over was to occur, and management was able to attract other bidders, I agree with goldminer01, this would give shareholders most probably their best offer. GLTA