OTHER NEWS - Feb. 10, 1994
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Bergen Adopts Anti-Takeover Plan: Drug distributor Bergen Brunswig Corp., preparing to streamline its stock ownership and voting rights, said it has adopted a shareholders’ rights plan to ward off hostile parties that might try to take over the company. The plan, a common corporate provision that most major companies already have, was part of Bergen’s decision in 1989 to abolish its dual system of stock ownership and voting that gave the founding Martini brothers effective control of the company. No one, however, is trying to take over the nation’s largest supplier of pharmaceuticals to hospitals and managed care facilities, say corporate officials and industry analysts.
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