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With its stock suffering on Wall Street, biotech company Illumina Inc. announced a stockholders' rights plan designed to stave off unsolicited bargain hunters. As is typical of poison pill provisions, the plan would take effect once any one party's interest crossed a certain ownership threshold, in this case 15 percent.
May 07, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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