The Conversation (0)
Mining Weekly reported on the shareholder rights plan that Ethiopian Potash recently implemented.
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.