Reuters: Private Equity: Navistar adopts poison pill

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Navistar adopts poison pill Jun 20th 2012, 12:27 June 20 | Wed Jun 20, 2012 8:27am EDT June 20 (Reuters) - Truck and engine maker Navistar International Corp said it adopted a shareholder rights plan to "deter coercive takeover tactics," and declared a dividend of one right on each outstanding share of common stock. The rights will be exercisable at $0.001 each until the tenth business day following the acquisition of beneficial ownership of 15 percent of the company's common stock, Navistar said.

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