VANCOUVER, British Columbia (AP) -- Potash One Inc. said Wednesday it has adopted a shareholder rights plan that the company says would give shareholders enough time to evaluate any possible takeover bid without undue pressure.The plan also gives the board additional time to consider bids and, potentially explore alternatives.
If approved by shareholders at the company's annual meeting on Sept. 25, the plan will remain in effect for three years.
Potash One President and Chief Executive Paul Matysek said in a statement that the plan is appropriate given the increased pace of merger and acquisition activity in the mining industry.
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