II-VI Adopts Shareholder Rights Plan
PITTSBURGH, Aug. 15 -- II-VI Inc. said that its Board of Directors has adopted a Shareholder Rights Plan. The plan is intended as a means to guard against any potential use of coercive takeover tactics designed to gain control of the company on terms which the board determines not to be in the best interests of the company. The company said that adoption of the plan was not in response to any proposal to acquire the company.
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