CAN YOU EXPLAIN THE RIGHTS AGREEMENT NOTICE THAT STOCKHOLDERS OF RECORD RECEIVED IN APRIL 2008?
The Rights Agreement replaces a substantially similar plan that was adopted in 1998 expired by its terms on April 19, 2008. The Agreement provides for a dividend distribution of rights to purchase shares of Furmanite’s Series B Junior Participating Preferred Stock (or, in certain circumstances, Common Stock), exercisable upon the occurrence of certain events. The shareholder would receive one right for each share of Furmanite’s Common Stock owned at the time of such an event. 8.
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