HOUSTON (ICIS)--GCP Applied Technologies has adopted a shareholder rights plan, the US-based construction chemicals company said on Friday The rights plan is in response to a recent “rapid and significant accumulation” of GCP’s stock by 40 North Management, GCP’s largest shareholder, it said. This has raised the possibility that 40 North will accumulate a controlling position in GCP without paying a control premium to all stockholders, the company said.
展开▼
