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Dart considers Woolworth takeover as poison pill defense set
F W Woolworth Co says Dart Group plans to acquire a substantial Woolworth stake potentially signaling a takeover bid. Woolworth board adopts a poison pill to deter hostile methods, allowing shareholders to buy stock at a discount if 20 percent is crossed or a tender offer reaches 30 percent.
MENTIONED IN THIS ARTICLE
New York
F.W. Woolworth Co
Dart Group Corp
Woolworth
Dart
Herbert Haft
Woolworth’s
Haft
Stop & Shop Cos
Kohlberg Kravis Roberts & Co
Wall Street
Hafts
New York Stock Exchange
Robert Haft
Karen Sack
Standard & Poor’s Corp
Edward Johnson
Prescott Ball & Turben Inc
Harts
Joseph Carroll
Johnson