THQ’s Board Adopts Takeover Defense Plan

The board of software game producer THQ Inc. adopted a stockholder rights plan in anticipation of a possible hostile takeover.

The Calabasas-based company’s stock has dropped 39.5% over the last three months.

The Nasdaq-traded shares closed up 19 cents at $10.81 on Wednesday.

Last month, THQ said it expected to lose as much as $2.8 million, or 13 cents to 15 cents a share, in its second quarter on sales of nearly $30 million.

The company develops, publishes and distributes interactive entertainment software for a variety of game platforms, including PCs, CD-ROMs, and players made by Sega, Nintendo and Sony.