Comments on: Palm Adopts Shareholders' Rights Plan

Palm, Inc. today announced that its board of directors has adopted a Shareholders' Rights Plan. Under the plan, Palm will issue a dividend of one right for each share of common stock -- par value of $0.001 per share -- of the company held by stockholders of record as of the close of business on Nov. 6, 2000. The plan is designed to assure stockholders fair value in the event of a future unsolicited business combination or similar transaction involving the company.

 

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