Sotheby's Adopts Shareholder Rights Plan With Shareholder Protections, Related to Loeb Pressures
October 04, 2013 at 09:03 AM EDT
The Board of Directors of Sotheby's (NYSE: BID ) today adopted a shareholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of the Company's common stock. The Board adopted the rights plan in response to the recent rapid accumulations of significant