MEDICURE ADOPTS SHAREHOLDER RIGHTS PLAN TO FIGHT POTENTIAL HOSTILE TAKEOVER
Medicure Inc. has adopted a shareholder rights plan to fight any potential hostile takeovers, the company said Thursday. The Winnipeg-based cardiovascular drug developer said the plan gives shareholders "sufficient time to properly assess a take-over bid without undue pressure" and the company's board of directors time to consider alternatives. Each shareholder will receive one right per common share. The rights will trade with the common shares, Medicure said.