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Groklaw: SCO's Shareholder Rights Plan, et al

Sep 07, 2004, 19:45 (0 Talkback[s])
(Other stories by Pamela Jones)

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"Here is SCO's Shareholder Rights Plan. As you can see, the worrisome figure to SCO is 15%. While they say this plan has nothing to do with any takeover attempt, one can't help but notice that BayStar now appears to own 12.7%. As you know, I'm no financial maven, but even I can add 1 and 1. UPDATE: I have heard from a corporate lawyer who points out that, in fairness, it should be said that 15% is a normal figure for such poison pill plans..."

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