Articles Banks & Trusts BermudaDecember 30, 1997

    Bank of Bermuda’s ‘poison pill’

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    26 years ago

    Topics

    Banks & Trusts Bermuda

    Keywords

    HSBC Bank Bermuda Poison Pill Shareholder Rights Plan
    The Bank of Bermuda has implemented a ‘poison pill' defence to protect the bank in the event of a hostile take-over.The bank announced on December 22 that it had implemented a Shareholder Rights Plan that had been authorized at a Special General Meeting on June 12 of this year.