TECHNOLOGY - Nov. 30, 1995
<i> Times Staff and Wire Reports</i>
Dell Board OKs ‘Poison Pill’ Measure: Under the measure, shareholders of record Dec. 13 will receive rights that entitle them to buy common stock of an acquiring company at half the market price. Dell also can exchange the rights for shares of its own common stock, flooding the market with new shares and making a takeover prohibitively expensive. The measure is triggered whenever anyone acquires 15% or more of Dell stock. The Austin, Tex.-based personal computer maker said the measure excludes share purchases by Dell’s founder and chairman, Michael Dell, who owns 27% of the stock. Dell shares were up 1 to 44 5/8 on the New York Stock Exchange.
