EMERYVILLE, Calif. — Ask Jeeves Inc. adopted a shareholders rights plan, commonly known as a poison pill, in an effort to encourage any company that might be attempting a takeover to negotiate first.
Companies typically use shareholder rights plans to make an unwanted takeover more expensive.
Under the plan Ask Jeeves adopted Thursday, preferred purchase rights will be distributed as a dividend at the rate of one right for each share of common stock held as of May 7.
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