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Photon Control adopts shareholder rights plan to give board defensive tool
BURNABY, B.C. – The board of Photon Control Inc. (TSXV:PHO) has adopted a shareholder rights plan, a defensive move that could provide time for it to pursue alternatives if an unsolicited takeover offer emerges. Photo Control says it hasn’t received a specific takeover bid but it has received “expressions of interest” from time to time. Phton Control had a market value of about $5 million at the close of trade on Monday.
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