The plan — designed to thwart a potential hostile takeover — will grant one preferred stock purchase right for each share of HSN’s common stock held by stockholders of record as of Jan. 5. It will become exercisable in the event a person or group acquires ownership of 15 percent or more of HSN’s common stock. (Current, large stockholders, such as Liberty Media, are exempted.) BusinessWeek Dec. 29, 2008
HSN Implements Shareholder Rights Plan
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Dec 302008
