Ethiopian Potash Adopts Poison Pill, Shares Rise

Mining Weekly reported on the shareholder rights plan that Ethiopian Potash recently implemented.

The editorial is quoted as saying:

The shareholder rights plan, or poison pill, forces any potential acquirer to make its bid open for sixty days, and allows Ethiopian Potash’s board to issue new shares at a deep discount to existing owners, making an unfavourable buyout prohibitively dear.

To read the full editorial, click here.