SysteMed Inc.: In a move aimed at...
SysteMed Inc.: In a move aimed at discouraging any hostile takeover attempt, the company said Tuesday that its directors have adopted a plan in which the company will distribute rights to purchase preferred stock as dividends to shareholders of common stock.
Under the plan, those rights will be issued at a rate of one right for each share of common stock for stockholders of record Aug. 27. The rights will expire on Aug. 15, 2004.
SysteMed, based in Laguna Hills, is a provider of prescription benefits management services.