Business News • MarketWire • EnerCare Inc. Announces Adoption of Shareholder Rights Plan |
EnerCare Inc. Announces Adoption of Shareholder Rights Plan |
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EnerCare Inc. Announces Adoption of Shareholder Rights Plan
TORONTO, ONTARIO--(Marketwire - April 29, 2011) - EnerCare Inc. ("EnerCare") (TSX:ECI) today announced that it has adopted a shareholder rights plan (the "Rights Plan"). The Rights Plan is effective immediately and was approved by a majority of holders of common shares ("Shareholders") of EnerCare who voted at EnerCare's 2011 annual and special meeting held on April 29, 2011. In making the announcement, the Company stated that it is not aware of any pending or threatened take-over bid. The Rights Plan has been accepted by the Toronto Stock Exchange in accordance with its rules and policies.
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