Core Inc. Acts to Prevent Takeover Bids

Core Inc., Irvine-base provider of employee management services, has adopted a “poison pill” provision designed to discourage hostile takeover bids. The company said it knows of no such efforts, however.

Under the plan, shareholders will receive rights to buy a bigger stake in the company if a person or group acquires more than 15% of Core’s stock. The rights will be issued as a dividend to shareholders of record Nov. 1.