Oklahoma City-based BancFirst Corp. has adopted a shareholder rights plan designed to protect it from a hostile takeover.

The "poison pill" plan calls for the $2.2 billion-asset company to dilute its stock should a hostile party accumulate more than 15% of the outstanding shares. Shareholders of record on Feb. 25 will each get the right to double their number of shares if an unfriendly investor tries to take control of BancFirst.

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