The TIAA-CREF and Florida State Board of Administration's (FSBA) shareholder proposal calling for the removal of the dead hand poison pill takeover defence from Profit Recovery Group International's (PRG) charter gained 63% of the vote at PRG's annual meeting.
A poison pill is a takeover defence, in which a takeover target tries to make its stock less attractive to an acquirer. Dead hand versions of the poison pill prevent directors elected in any proxy ...
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