MINNETONKA, Minn., Dec. 23 /PRNewswire-FirstCall/ -- Communications Systems, Inc. (Nasdaq :JCS) today announced that its Board of Directors has unanimously adopted a Shareholder Rights Plan designed to ensure that all of the Company's shareholders receive fair and equal treatment in the event of any proposal to acquire the Company. The Board declared a distribution of one Right for each share of common stock outstanding on January 4, 2010. Each Right entitles the holder to purchase 1/100th of a share of a new series of Junior Participating Preferred Stock of Communications Systems, Inc. Corporation at an initial exercise price of $41.
Source : http://www.prnewswire.com/news-releases/communicat...
Source : http://www.prnewswire.com/news-releases/communicat...