Revco/Big B confidentiality agreement includes stay on poison pill suit.
This article was originally published in The Rose Sheet
Executive Summary
BIG B PUTS POISON PILL ON HOLD, ENTERS REVCO CONFIDENTIALITY AGREEMENT to provide Revco with confidential information pertaining to its proposed acquisition of Big B, Twinsburg, Ohio-based Revco announced Oct. 4. The agreement includes a stay on the litigation regarding Big B's "poison pill" shareholder rights plan that would activate when an acquiring company attempts to purchase 10% or more of Big B "without prior approval of the Big B board of directors."