The board of directors at Mid-America Bancorp, Louisville, Ky., has adopted a poison pill to fend off unwanted suitors.

The plan would be triggered if an unfriendly party accumulated 15% of the $1.5 billion-asset company's stock. Shareholders would receive the right to buy an additional share of Mid-America stock for each share the stockholder owns. If activated, the plan would dilute Mid-America's stock and minimize a hostile shareholder's impact.

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