For holders that dont know of this term, it has been used in the US by many Bio,s that have had hostile T/O,s CEPH has used it before and survived. Its very complex, but this version cuts out the rubbish ......... If Cephalon adopted a poison-pill in its defense...... If Valeant acquires more than 20 percent of Cephalon then everyone except Valeant gets the right to buy extra shares at half price or a free extra share ? a provision that would dilute Valeant?s stake, rendering it profitless. ....... Let the games begin Cheers Vin
poison pill defence
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