Call it coincidence or not, but "poison pill" plans, so popular as a means of foiling takeovers in the 1980s, were making news as Wells, Fargo & Co. pursued its unsolicited bid for First Interstate Bancorp. Dime Bancorp, the big East Coast thrift, adopted a shareholder rights plan late in October, as did One Valley Bancshares in West Virginia. Both institutions insisted they weren't reacting to any specific. Must be in the air.
Call it coincidence or not, but "poison pill" plans.
December 01, 1995, 2:00 a.m. EST 1 Min Read
