AJX to be sold? The table has been set.Just reading the AIF and the shareholders rights plan... looks like the BOD might be listening to shareholders. My read into this is the poison pill is going away May 10th meaning any potential acquirer that wants to take a run at buying AJX will be free to do so.
Shareholder Rights Plan
On March 19, 2010, our Board approved the adoption of a shareholder protection rights plan, which was approved by our shareholders on May 18, 2010 and was re-approved by shareholders on May 15, 2013. On May 26, 2016, shareholders approved an amended and restated shareholders rights plan agreement (the "Shareholder Rights Plan"), which was amended in response to the legislative changes to Canada's take-over bid regime, which were adopted in 2016. The Shareholder Rights Plan is effective until the close of business of the annual general meeting of shareholders of AgJunction to be held on May 10, 2019 (the "AGM"), unless it is reconfirmed at the AGM or it is otherwise terminated in accordance with its terms. After consideration, the Board determined not to place the Shareholder Rights Plan before shareholders at the AGM for reconfirmation. Accordingly, the Shareholder Rights Plan will terminate immediately following the AGM.