ICU Moves to Avert Takeover
Dow Jones
SAN CLEMENTE —
ICU Medical Inc.’s board has adopted a shareholder rights plan to fend off any unwanted moves to take over the medical devices manufacturer.
The poison-pill plan is designed to take effect if one person or group acquires 15% or more of ICU’s common stock without board approval. The company said the plan is not in response to any known effort to acquire control of the company.