March Networks Finalizes Shareholder Rights Plan

March Networks entered into a shareholder rights plan agreement (the “Rights Plan”) to encourage the fair treatment of shareholders in any takeover offer for the company. The Rights Plan is effective immediately and will provide the board of directors of March Networks and the shareholders more time to consider fully any unsolicited takeover bid for the corporation. It will also allow more time for the board of directors to pursue other alternatives to maximize shareholder value, if appropriate. Shareholders will be asked to confirm the rights plan at the next annual and special meeting of the shareholders scheduled to be held on August 26. read more