GIBSON ADOPTS POISON PILL AMID LOSSES

CINCINNATI -- Greeting-card manufacturer Gibson Greetings has adopted a poison-pill plan to prevent a hostile takeover.The reason, according to the local press, was a weak stock price and a major shareholder who has acquired more than a 6% stake in the company. dopted as a sort of preventative measure. "The plan was not adopted because of any current effort to acquire Gibson," the company said in

CINCINNATI -- Greeting-card manufacturer Gibson Greetings has adopted a poison-pill plan to prevent a hostile takeover.The reason, according to the local press, was a weak stock price and a major shareholder who has acquired more than a 6% stake in the company.

dopted as a sort of preventative measure. "The plan was not adopted because of any current effort to acquire Gibson," the company said in a statement.

The manufacturer's stock price has diminished to less than $4 a shar

Register to view the full article

test - Advanced Registered User

Already a member? .